bracket so for argument sake you pay an extra 3% on the full amount of the property, that in itself is robbery, but when a property is sold two or even three times in a year why does the exchequer take his three percent of the selling value two or three times, surely the stamp duty should not have to be paid again untill the stamp duty increase is introduced, which can be five or ten year periods
2007-08-06 03:29:38 · 7 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Stand and Deliver!
Did you wonder why the Government wasn't concerned about house price inflation?
2007-08-06 03:42:59 · answer #1 · answered by 'Dr Greene' 7 · 1⤊ 0⤋
Tax is taken in two places. When you get paid (income tax) and when you buy stuff (lots of other tax) - like VAT, tax on insurance premiums, bets etc. Stamp duty is not a charge attached to the house, it is attached to the transaction of buying the house, it is just another tax.
But it does seem like robbery, I agree.
2007-08-06 03:34:53 · answer #2 · answered by gms 1 · 2⤊ 0⤋
They charge the duty because that's what the LAW says. If you don't like the LAW, contact your MP!
2007-08-06 03:33:40 · answer #3 · answered by Bostonian In MO 7 · 2⤊ 0⤋
I never promised you a rose garden.
2007-08-06 03:37:47 · answer #4 · answered by Anonymous · 0⤊ 0⤋
but then the government would get less money.
2007-08-06 03:32:46 · answer #5 · answered by Stephen M 6 · 2⤊ 0⤋
it is like a property tax...sales tax...
2007-08-06 03:47:33 · answer #6 · answered by Anonymous · 1⤊ 0⤋
...and it goes up to 4% at £500,000!!!
2007-08-06 03:41:05 · answer #7 · answered by Q 2 · 1⤊ 0⤋