An election winning Budget ?

[Mich the Tester]

In Surrey alone there are 200+ properties for sale at £3,000,000 or more.

http://www.rightmove.co.uk/property-...nPrice=3000000

So it will impact 1000's of buyers.

They won't be reducing their £15,000,000 house to £999,999

No. They just won't sell them. Or they'll follow Mr Advocate's idea. Anyway, are non-doms liable to British stamp duty?

And who's going to buy them if the rich people are being chased out?

[The Wikir Man]

Increase stamp duty on £1million houses won't stop a change of resident at number 11 Downing Street.

[Mich the Tester]

Increase stamp duty on £1million houses won't stop a change of resident at number 11 Downing Street.

So many people hope you're right.

[DimPrawn]

No. They just won't sell them. Or they'll follow Mr Advocate's idea. Anyway, are non-doms liable to British stamp duty?

And who's going to buy them if the rich people are being chased out?

I believe non-doms do pay stamp duty on buying a UK property.

[The Wikir Man]

So many people hope you're right.

Well, it's going to be a new resident after the election, no matter who wins or forms the coalition.

[Moscow Mule]

So what if I sell a house as two flats? You can have the first floor "flat" for £750,000 and the ground floor "flat" for £750,000?

/I'm sure this has been thought of and crushed by the bar stewards!

You'll have to put a front door in, fireproof the escape routes and get building control to sign off.

Then you'll have to get some plans drawn up to define the boundaries.

Then you'll need to amend the existing deed, and generate a new one for which ever floor is not amended.

Then you'll have to go and visit the land registry.

[The Wikir Man]

And who's going to buy them if the rich people are being chased out?

Is there any evidence that the rich are actually being chased out?

There was going to be an exodus of bankers because they would have to pay a bonus tax - which didn't happen, and brought in more money than was estimated.

The numbers of non-doms registering is higher than was predicted - so where are these rich that are leaving in droves?

[Moscow Mule]

There was going to be an exodus of bankers because they would have to pay a bonus tax - which didn't happen, and brought in more money than was estimated.

It takes a while to move a whole team of folk - which is what the banks were saying to their investment teams: "you can move offshore if you want, but it's all, or none, of you - no split teams".

A few have gone, a few more are going, a lot more can't be arsed and will just take wages as capital distribution to get around it as much as possible.

[TimberWolf]

The best help Gordon could give to first time buyers would be to let house prices fall.

[HairyArsedBloke]

The best help Gordon could give to first time buyers would be to let house prices fall.

Aye.