Wednesday, March 24, 2010

The Budget; Stamp duty threshold 250,000

The stamp duty holiday last year did not help house prices. See graph in previous post. House prices went up after removing stamp duty at 175,000 last year..

A better idea would be to make the seller pay stamp duty. There would be no loss of income for the government. If you are moving then there is no loss as you would have to pay anyway. First time buyers or those moving up the ladder would benefit and those living in more expensive houses would pay more.

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