Post a Comment Print Share on Facebook
Featured Spain book EURO Alternative Indie music Turkey Republic day Diana Darke author and historian
banner11
banner6

reads.

Autumn Statement 2014 Complete reform' of stamp duty

An eye-catching scheme to reform stamp duty and cut taxes for 98 per cent of home buyers was today announced as the centre piece of George Osborne’s last autumn statement before the election.

From midnight tonight homebuyers will only pay stamp duty on the proportion of the property price above new reformed thresholds.The move will mean that someone buying a home for £275,000 will pay £4,500 less in tax. However the move will increase stamp duty for the most expensive houses – someone buying a £5 million house will pay nearly £200,000 more in tax. The move is designed to wrong-foot Labour and counter accusations that the Tories are a party on the side of the rich. Mr Osborne contrasted his plan with Labour’s proposals for a new ‘mansion tax’ which he described as a shambles.

 

The independent 

Avatar
Your Name
Post a Comment
Characters Left:
Your comment has been forwarded to the administrator for approval.×
Warning! Will constitute a criminal offense, illegal, threatening, offensive, insulting and swearing, derogatory, defamatory, vulgar, pornographic, indecent, personality rights, damaging or similar nature in the nature of all kinds of financial content, legal, criminal and administrative responsibility for the content of the sender member / members are belong.