Comments on: Call an end to stamp duty holiday

By: Mike

Mike — Thu, 10 Dec 2009 09:55:36 +0000

Unfortunately mine is not a new build so I am certainly stuck!

I know, as a first time buyer I could have really done with a break here.

Will have to go without a sofa!

By: Pasqualino

Pasqualino — Wed, 09 Dec 2009 15:08:39 +0000

Hi all

Me and my girlfriend are also in the same boat and our developers have told us that they will not be paying our stamp duty.

What developer did you deal with emma?

By: Emma Morgan

Emma Morgan — Wed, 09 Dec 2009 14:15:42 +0000

Hi Mike,

is your property a new build? If so the developer may pay the stamp duty for you either fully or pay it and add it to the purchase price so it can be including in your mortage?

I have contacted my developer today to ask if they would be able to do this for me ? I am awaiting a response from the development director so fingers crossed. Other than this i think you are right not a great deal we can do……. Thanks Alistar Darling what a fantastic idea……. How on earth does he expect to encourage buyers by penalising them with stamp duty still whe the property market is still in turmoil !!!!

By: Mike

Mike — Wed, 09 Dec 2009 13:49:23 +0000

I’m in exactly the same boat. I had agreed the sale at the end of September and was assured of a quick completion by solicitors - unfortunately this hasn’t been the case and I’ll complete a few days after stamp duty ends - which is a disaster as I was not banking on this extrea expense.

I don’t think there’s anything that can be done.

By: Emma Morgan

Emma Morgan — Wed, 09 Dec 2009 13:09:54 +0000

Hi,

I was wondering if any one could offer any advice?

I have just agreed a sale of a property at £175,000 it is a new build and will not be completed until Jan/Feb next year. I have paid the reservation fee already and have a mortgage in place. Also i have appointed a solictor.

As the Stamp duty holiday has been announced that it will be ending on 1st Jan 2010 does this mean i will now have to pay stamp duty on my purchase despite the fact the sale has already been agreed, before 1st Jan 2010.

I presume stamp duty is paid on completion and on whatever rate applies on the completion date, is this correct?

Is there anything i can do to avoid this? Any help or advice would be most appreicated.

Kind Regards.