"tim..." wrote in message
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"Andrew" wrote in message
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On 18/11/2017 08:10, Graeme wrote:
In message ,
harry writes

My first house cost £400 in 1970.

Crikey. Where was that? My first house, 1975, was £10,250, Bristol. I
sold it for a modest profit two years later, and moved to Stoke Poges,
where I bought a maisonette for £12,500. Another two years later
(1979), I sold that for £25,000 which was a handsome profit. Moving to
Colchester, that bought me a three bed detached house.

I sold my last one for £400,000. (Downsized)

Downsizing is on our minds. Would certainly release some useful
capital.

I'm afraid that I'm hoping Spreadsheet Phil will carry out a one-off
change to stamp duty to make the seller pay and not the buyer.

there is no chance of that

that would "punish" everybody who paid stamp duty when they bought their
current house

and they would not forget it next election time

It is not a change that can be made in a single step

and it would cost too much in multiple steps

This will help the FTB,

so change the rules just for FTBs

and claw back some of the massive over-valuation
that the UK housing stock has reached.

in theory CGT and IHT do that

Australian-style restrictions on ownership of residential
property by non-doms and ltd co's would help too.

an entirely different issue (with which I agree BTW)

Pity he got it completely wrong. There are no restrictions
on ownership of residential property by non doms, they
can only buy new builds. And restrictions on ownership
of residential property by non doms would be a hell of
a problem for those working overseas and those who
choose to live in places with better weather than that
soggy little frigid island too.

And there is no restriction what so ever on the ownership
of residential property by ltd cos. And it makes no sense
to have one either.