Boris and Stamp Duty

[Nutellaontoast19]

If our new PM does make changes to stamp duty, does anyone know when this would be likely to happen?

No idea.

Next year's budget at a guess.

No chance he'll make those changes! He's saying what voters want to hear.

I've just paid over £70k in stamp duty, that'll pay for at least two police officers. Heaven knows where the rest is coming from.

Autumn statement and changes in April 2020?

I doubt it’ll happen if there’s a GE though.

He won't be PM long enough to accomplish anything (other than babble in his usual pompous manner). Shame, as I'd like stamp duty on primary homes worth up to £500k, since successive governments saw nothing alarming about the ridiculous pace of house price inflation.

*to be abolished.

See what the next PM says. Either on 1st November, or in the manifesto prior to the General Election. Won't be long now.

Shame, as I'd like stamp duty on primary homes worth up to £500k, since successive governments saw nothing alarming about the ridiculous pace of house price inflation

Isn't there a decent chance that were stamp duty to be abolished on homes below £500k then house price inflation would be worse?

yes, like the "Help to Buy" scheme which had the effect of putting up the prices of the homes concerned to soak up all the available money.

housebuilders profits rocketed.

One company was so embarrassed by bonuses totalling more than £200million that "the board suggested that Mr Fairburn give some of his bonus to charity, according to people briefed on the matter, but the chief executive was not in favour of the idea"

www.ft.com/content/c9f88bf8-e175-11e7-8f9f-de1c2175f5ce

All that money, and more, came from the taxpayer and was falsely described as helping young housebuyers.