New stamp duty rates just announced

[Martin@AS Financial]

Taken from the BBC website:


Mr Osborne spelled out the new stamp duty rates.
• No tax on the first £125,000 paid
• 2% on the portion up to £250,000
• 5% up to £925,000
• 10% up to £1.5 million
• 12% on everything above that.

He said:"As a result stamp duty will be cut for the 98% of homebuyers who pay it."




Autumn Statement: 3 December 2014 - BBC News

[MarillionFan]

Taken from the BBC website:


Mr Osborne spelled out the new stamp duty rates.
• No tax on the first £125,000 paid
• 2% on the portion up to £250,000
• 5% up to £925,000
• 10% up to £1.5 million
• 12% on everything above that.

He said:"As a result stamp duty will be cut for the 98% of homebuyers who pay it."




Autumn Statement: 3 December 2014 - BBC News

What!!!!!!!!!!!!

C************************************************* **********T!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!

Is that coming in tonight????????????

[eek]

What!!!!!!!!!!!!

C************************************************* **********T!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!

Is that coming in tonight????????????

Yep if you complete tomorrow you pay the new rate...

[vetran]

What!!!!!!!!!!!!

C************************************************* **********T!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!

Is that coming in tonight????????????

Yes

if you have exchanged not completed I believe you have a choice. So exchange today!

[wurzel]

Taken from the BBC website:


Mr Osborne spelled out the new stamp duty rates.
• No tax on the first £125,000 paid
• 2% on the portion up to £250,000
• 5% up to £925,000
• 10% up to £1.5 million
• 12% on everything above that.

He said:"As a result stamp duty will be cut for the 98% of homebuyers who pay it."




Autumn Statement: 3 December 2014 - BBC News

Just saw that.

So, if you buy a house for £400k, you pay 2% on £125k - £250k & 5% on £250k - £400k whereas before you'd pay 3% on the whole lot?

So that's £10,000 vs £12000. Hmmm... Not bad I suppose.

[MarillionFan]

Yes

if you have exchanged not completed I believe you have a choice. So exchange today!

Oh **** you Osbourne.

I just put in an offer on a house & have an offer on mine. Shafted both ways now.

[vetran]

Shafted both ways now.

you pay NLYUK extra for that.

I'm alright jack

If I hadn't exchanged I could kiss goodbye to £5K.

[TheCyclingProgrammer]

Hoping to exchange soon. This will save us about £4k.

[vetran]

Hoping to exchange soon. This will save us about £4k.

Good news then.

275K?

you aren't in the south East I suppose?

[vetran]

Stamp duty cut for homebuyers as Osborne kills off hated slab tax | This is Money

handy chart.