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]

buy-to-let investors don't get the subsidy

M's suggestion over breakfast was that if this were coupled with an increase in stamp duty for anyone buying a second home or buy-to-let, it might help with house price inflation. Economists may be able to tell me whether that would work, but sadly I think everyone will first recognise the politics of why it won't be happening.