posted on Mar, 16 2005 @ 09:45 AM
This thread started for a bit of discussion on todays budget.
What do you think are the key points from Mr Brown's budget speech today?
The big ussue for me personally is the stamp duty threshold being raised to £120000, which I consider to be excellent news. This being because I
intend to make my first house purchase in the summer, and now that all properties under £120000 in value are exempt from stamp duty, I will have
roughly an extra grand in my pocket that would have otherwise gone to the govt.
A few people I've talked with think that as they were reviewing stamp duty, they should have reformed it totally, so that it is structured more like
income tax, where you are only taxed on the amount over the threshold. I'm not sure that such a move would be neccessary, and as a prospective
first-time-buyer, I think they way they've done it is spot on, as the 120k threshold should help to curb price rises in the first time buyer price
So, is this rellevant to you? any reaction?
Any other issues worthy of discussion - lets have 'em.