Thursday, February 4, 2016
Absolute disaster, please respond with anger
Consultation on additional stamp duty for second homes
In this backwards proposal, married couples are treated as individuals and so will pay additional tax if they buy a new home and cannot sell their existing residence on time, with potential for a refund, but where will they find cash for the new tax? Also taxing those who need a second home for work or those who own a property overseas, maybe for family reasons. Meanwhile, the big corporate buy to let companies are EXEMPT from the tax, and unmarried couples can have two principle homes!! They are incentivising big landlords and also making moving house a total chore and creating a massive tax reason to get divorced or not get married. These people are clinically insane. Please let your MP know how angry you are.
Posted by libertas @ 12:35 PM (3343 views)
4 thoughts on “Absolute disaster, please respond with anger”
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Luckyluke699 says:
Minor mistake in HPCUKs link. Try the one below:
https://www.gov.uk/government/consultations/consultation-on-higher-rates-of-stamp-duty-land-tax-sdlt-on-purchases-of-additional-residential-properties/higher-rates-of-stamp-duty-land-tax-sdlt-on-purchases-of-additional-residential-properties
Luckyluke699 says:
link not working?
Bearhug says:
Looks reasonable. People with zero houses should have a priority over people with one or more houses.
Happy says:
This change in the tax laws is excellent for individuals and families who would like to buy a home to live in.