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

[hawkida.livejournal.com]

Depends on the size of the flat. If it's one bedroom, sure. But plenty of families are growing up right now in flats all over the country. And some of them are in places where a flat costs a hell of a lot less than in London. London's expensive, but that doesn't mean Londoners necessarily deserve preferential treatment.