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

[del-c.livejournal.com]

say you now save £4,000 stamp duty; ooh lookie, the house you were interested in has gone up in price by £4,000 overnight, because everyone who fancies it can now afford an extra £4,000.

More generally, that's the reason I'm a Londoner who is against London Weighting. All it does is drive up the price of groceries.