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

[fishlifter.livejournal.com]

To be fair this is a criticism of the news story rather than Conservative policy, but I was entertained by the reporting that:

'The new policy announcements are also expected to include tax breaks for families with children worth up to £2,000 a year.'

Should we expect a new Child Valuing Agency?