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UK diy (uk.d-i-y) For the discussion of all topics related to diy (do-it-yourself) in the UK. All levels of experience and proficency are welcome to join in to ask questions or offer solutions. |
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Will the chancellor cane house owners in the budget?
On Tue, 10 Feb 2004 11:08:12 +0000, Mike Mitchell
wrote: What's the betting that stamp durty will rise significantly, or that the chancellor will introduce some new kind of tax, e.g. capital gains tax on first properties? A rationalization of stamp duty would seem in order, the current system being highly inflationary wrt house prices: flat rate on all purchases? Changes to capital gains tax that would hit quick-profit property developers and serial-movers seem to be an excellent idea. With the latest Relocation Relocation programme with Kirstie and Phil extolling the virtues of selling up and affording TWO properties elsewhere, surely the chancellor and his advisers must see home ownership as a nice little earner - for him! Home *ownership* shouldn't / need not attract taxation: speculative property buying/selling should, given the overall benefits of taking some of the heat out of the property market. Julian -- Julian Fowler julian (at) bellevue-barn (dot) org (dot) uk |
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