We're about a week away from the budget and with Rishi being adamant that the Tories will not extend the stamp duty holiday, what do the collective hive minds on here think because, let's face it, they're bound to make some kind of u-turn aren't they?
These are options as I see it although there could be more (I'd do a poll but no don't seem to have the ability):
1) No change. Stamp duty holiday ends at cliff edge on 31st March
2) Stamp duty holiday extended but only for property purchases that have been agreed prior to 31st March (to be confirmed by solicitor?)
3) Stamp duty holiday extended for x weeks/months exactly as now so with a future cliff edge
4) Stamp duty and council tax replaced with a new 'housing tax'. This is an interesting one and has been mooted for some time but given the high % increase in council tax, and the stamp duty holiday, may be a time to slip this in. Proposal is 0.48% of property value.
5) Andy W's Mom has been fully extended already
Any gambling ladies and gents out there?
I can see option 2 being an easy option for the Tories. But, 3 going into 4 at the start of the next tax year in 2022 would be my preferred as it would make house sales a less difficult process.
These are options as I see it although there could be more (I'd do a poll but no don't seem to have the ability):
1) No change. Stamp duty holiday ends at cliff edge on 31st March
2) Stamp duty holiday extended but only for property purchases that have been agreed prior to 31st March (to be confirmed by solicitor?)
3) Stamp duty holiday extended for x weeks/months exactly as now so with a future cliff edge
4) Stamp duty and council tax replaced with a new 'housing tax'. This is an interesting one and has been mooted for some time but given the high % increase in council tax, and the stamp duty holiday, may be a time to slip this in. Proposal is 0.48% of property value.
5) Andy W's Mom has been fully extended already
Any gambling ladies and gents out there?
I can see option 2 being an easy option for the Tories. But, 3 going into 4 at the start of the next tax year in 2022 would be my preferred as it would make house sales a less difficult process.
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