dave1888
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| posted on 12/9/06 at 04:15 PM |
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Buying and selling houses
I just bought another house and am selling the house im in. I was calculating the costs involved, roughly £5300 of which the government take £2450.
The biggest outlay is this Stamp duty WTF is that for, what benefit do i get from paying that. rant over for now.
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iank
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| posted on 12/9/06 at 04:31 PM |
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Stamp duty is just another tax.
The benefit you get is the same as any other tax, the govt has to have money to spend (wisely or stupidly), the only place it gets it is from taxes -
no schools, hospitals, traffic police, army, airforce, navy, parking wardens or civil service if there wasn't any tax...
Not that I enjoyed handing the cash over 
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dave1888
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| posted on 12/9/06 at 04:36 PM |
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should i be entitled to a discount if i dont need schools or traffic wardens then. 
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iank
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| posted on 12/9/06 at 04:39 PM |
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Don't think it works quite like that
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Peteff
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| posted on 12/9/06 at 04:55 PM |
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Do you pay stamp duty on your main residence if you sell it?
yours, Pete
I went into the RSPCA office the other day. It was so small you could hardly swing a cat in there.
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chockymonster
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| posted on 12/9/06 at 05:16 PM |
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quote:
Originally posted by Peteff
Do you pay stamp duty on your main residence if you sell it?
The buyers pays Stamp, not the seller
PLEASE NOTE - Responses on Forum Threads may contain Sarcasm and may not be suitable for the hard of Thinking.
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robinj66
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| posted on 12/9/06 at 05:41 PM |
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quote:
Originally posted by iank
Don't think it works quite like that
It Should!!!
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iank
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| posted on 12/9/06 at 06:54 PM |
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quote:
Originally posted by Peteff
Do you pay stamp duty on your main residence if you sell it?
The rules are here, including the table of values.
http://www.hmrc.gov.uk/rates/stamprates.htm
Considering it's customs and excise that collect I'd suggest not trying to avoid it.
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locoboy
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| posted on 12/9/06 at 09:30 PM |
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Likewise £2175 stamp duty to be paid st the end of this month.
First time buyer here and its going to break me for ever!
Locost going to turn into SLOWcost i think 
ATB
Locoboy
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Lawnmower
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| posted on 12/9/06 at 09:41 PM |
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Wish I had the money to be able to afford a house that qualified for stamp duty!
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tony9876
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| posted on 13/9/06 at 10:52 AM |
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National Insurance is the worst. I have a private pension and Bupa so why should I still pay it!!!
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JamJah
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| posted on 14/9/06 at 01:27 AM |
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Wish I could simply afford a house... stamp or no stamp.
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Lawnmower
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| posted on 14/9/06 at 04:00 PM |
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quote:
Originally posted by JamJah
Wish I could simply afford a house... stamp or no stamp.
touche!
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