Essential Guides & Advice Stamp Duty: The Essential Guide

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1. Stamp duty takes no account of the the area a house is located in.To buy in the inner cities is nearly always more expensive and buyers are penalised for living in these areas. I believe stamp duty should be abolished and a property tax should be introduced payable every year like council tax.This would reduce the burden of high expenses when buying.The ammount of property tax each year would be quite small if it was applied to all properties.New Zealand does not have stamp duty at the purchase point but at the sale point,another way of reducing high costs at the time of purchase. We need a different approach in the UK as the present system is unfair. Doogle

   Posted by Doogle on 04/10/2009 14:26:13

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2. I wanted to buy an old bungalow for my disabled mother and sold my house - and amazingly found a perfect one but sadly the stamp duty added up to over ?8250 for a bungalow that was ?275000 - why doesnt the govt free up the market by dumping the hike from 1% to 3% over ?250K, or is this tax a tax against the poor getting into houses only the profesional and middleclasses can. ANd in a recession why cant we use teh ?8K to refurbish (pay for trades/and small businesses) houses, instead of seeing empty houses continually going into ruin because they cant get sold and the buyers want the discounts for the work the owners could not afford. this govt is so barmy it cannot see that where the deprevation happens is on theose that care for hte older resident who needs quality and decent housing but isnt on pension credit. End stamp duty at 3%

   Posted by Lorna on 18/01/2009 10:10:10

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