Stamp Duty

[drplokta]

Apparently, the Tories have decided to raise the stamp duty threshold to £250,000 for first-time buyers only. Can anyone come up with a workable definition of a first-time buyer for purposes of this policy (remember that the taxman can't ask to see documents more than seven years old)?

Comments

[ang-grrr.livejournal.com]

Don't be silly: in the brave new conservative world people won't buy a house until they are *married* and able to afford to *raise children*. Nobody will be single or, dare I say it, *divorced*.

[redbird]

Nor yet widowed, I assume.

[ang-grrr.livejournal.com]

Of course not. The conservatives are abolishing death to remove the threat of inheritance tax.