Browsed by
Tag: residential property transaction

Restructuring stamp duty should provide a boost to housing, interesting timing don’t you think?

Restructuring stamp duty should provide a boost to housing, interesting timing don’t you think?

So the Chancellor’s big idea was a reform of the stamp duty land tax. Excellent. Certainly few people with an appreciation of either taxation systems or the housing market think SDLT is a good tax. The Mirrlees Review: A proposal for systematic tax reform, a highly-regarded document in tax circles, had this to say for it: “There is no sound case for maintaining stamp duty and we believe that it should be abolished.” It recommended it be replaced by a…

Read More Read More

If 2008 was bad for the housing market, 2009 looks much worse

If 2008 was bad for the housing market, 2009 looks much worse

There are plenty of scary figures in the latest forecast from the Council of Mortgage Lenders not least the expectation that half a million homeowners will fall into arrears. The expectation that 75,000 homes will be repossessed by mortgage lenders is pretty scary too, especially as this in practice would mean more repossessions than in previous peak of 1991 when all repossessions are totalled up. But for me the most disturbing prediction within the forecast is that residential property transaction…

Read More Read More