The stalinists currently sitting and drinking in Westminster the Government are trying to look like they “care about the children” by proposing a 12 month “Stamp duty holiday”, whereby HM Land Registry will not only not charge people for buying a house up to £150,000, but now by not charging them an impost for one up to £175,000.
Of course! I was forgetting! The extra £25,000 over £150,000 allows you to find houses with large indoor swimming pools included, as opposed to not. I’m not sure most people round here, be we all yokels who say “urrrrrrhhhhhhh” when asked the way, could tell the difference even here between a £149,999 house and a £174,999 house, without careful scrutiny for the proximity of bureaucrats’ offices and the like.
Either “Stamp Duty” is a registration fee for the recording of the legal transfer of a piece of Landed Property, in which case in 2008 the fee is about £12 (and that’s generous – that’s what your credit card charges you for being late) or else it’s a progressive taxation.
The work involved is a few keystrokes.
I think we ought to be told either way.