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Stamp duty increases 695%

Discussion in 'The Buying & Selling Process' started by Redwing, 21st Jun, 2015.

  1. Redwing

    Redwing Well-Known Member

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    Interesting when you remember that Stamp duty was meant to go with the introduction of GST

    Stamp duty increases 695pc in past 20 years

     
    Terry_w likes this.
  2. keithj

    keithj Moderator Staff Member

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    Fixed that for ya :eek:

    All levels of govt are loving the house price rises. More Rates, more Stamp Duty & Land Tax, more CGT.
     
  3. Be Developer

    Be Developer Property Developer Business Member

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  4. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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  5. Kael

    Kael Well-Known Member

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    I never realised they made so much money from Stamp Duty... What does it even go to these days?
     
  6. Big Will

    Big Will Well-Known Member

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    Lets say the removed it all it would do is increase the prices of homes by that amount and the government would need to fill that hole by increasing taxes elsewhere.