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

[alexmc.livejournal.com]

I hate to say it but the only workable way I can see is to ask the credit agencies whether this person had a mortgage. However I can see lots of problems with that approach - and isnt one I recommend.