Depending on what price you sell your house for, it is a whapping 1% of the total price!! No wonder the governments MP's can afford 2 or 3 houses or more!! Taking money off the ordinary person is deplorable. So are the Solicitors who do the conveyancing! All in all moving house will cost around £7k .or more!! Its a womder anyone moves at all!! Constructive answers please!
2007-07-09 08:01:22 · 10 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
Come on, surely you've realised that stamp duty is a direct assault on those who aspire to progress in life and better themselves. That smacks in the face of everything that this totalitarian dictatorship of a government stands for. Let's hit those who dare to get off their backsides and work, they're fair game after all. If you're mega rich, Labour ensures you pay no tax at all, if you've never worked in your life and have no intention of ever doing so, they'll pander to you.
This tax is nothing about fair taxation, it's simply about taxing those who aspire to have a decent place to live and bring up a family.
2007-07-09 08:25:21 · answer #1 · answered by Anonymous · 0⤊ 0⤋
As consistent with your assertion you're no longer possessing the abode and you're repaying the non-public loan. As consistent with income Tax Act 1961 reimbursement of abode mortgage appropriate is permitted to be deduction united states80C And pastime element paid and accumulated united states24 for house is occupied and used for popular place of abode.As such your reimbursement quantity is Pre occupation is allowable to be apportioned 20% consistent with annum. An quantity of stamp accountability/registration etc. are alloewd for deduction united states80C. and you will have the income singally or for the two.
2016-10-01 05:50:44 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Be careful what you wish for.
Second homes already come under the scope of Capital gains Tax, which given the current rate of House Inflation mean we would be worse off if it applied to primary residences too.
Every time money changes hand the government wants a cut. Sad but true.
2007-07-09 08:15:52 · answer #3 · answered by 'Dr Greene' 7 · 0⤊ 0⤋
If people were that bothered about stamp duty they wouldn't be prepared to pay such astronomical prices for houses. Remember, the housing market is not regulated (in price terms) by the government- it is regulated by the greed of ordinary people.
2007-07-09 08:07:25 · answer #4 · answered by Anonymous · 0⤊ 0⤋
1% !!! Try 3% My move is costing 9K in stamp duty and 17K in total, now that I've written that down I'm really depressed.
Solicitors are a neccesary evil and I don't begrudge a penny
It's the Estate Agents that appear to get money for old rope!
Lets rebel against them and everyone refuse to pay more than 0.5% then we may see a more stable market.
2007-07-09 08:13:58 · answer #5 · answered by mark s 3 · 0⤊ 0⤋
It could not be easier. Vote this terrible, miserable Scots stealth-taxer out of office. With Brown as PM there will be no reduction in stamp duty.
2007-07-09 11:02:45 · answer #6 · answered by john 4 · 0⤊ 0⤋
Stamp duty is nothing, peanuts.
Why not consider house prices can drop as quick as they have risen!
2007-07-09 08:05:27 · answer #7 · answered by My name's MUD 5 · 0⤊ 0⤋
For the same reason we don't make a fuss about housing, education, nhs, transport, the smoking ban, tax on tax on tax, immigration etc.....Apathy!
2007-07-09 08:10:39 · answer #8 · answered by Anonymous · 0⤊ 0⤋
That is why we have MP' s Again they have failed us
2007-07-09 08:12:30 · answer #9 · answered by Scouse 7 · 0⤊ 0⤋
2 things you cant avoid - death and taxes.
2007-07-09 08:06:07 · answer #10 · answered by neogriff 5 · 0⤊ 0⤋