Rat and Mouse
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Mon
11
Aug
So what happened while I was away? Oh yeah... the Govt tried to kill the property market

I'm back... lovely fortnight at the coast, thanks to those who asked. Wifi was non-existent, 3G dongle-connection blew with the wind, and TV/radio was outlawed. I did read the papers, however, and was as shocked as (presumably) you to watch the Stamp Duty "story". So... somebody nudges the Government and tells them the property market's ailing. Great... a chance to, not just damage something but, utterly destroy it, really slam the last nail in the coffin lid and walk away with a stupid smirk. Darling and Brown step up the mark... why not have a public argument about Stamp Duty? Why not hint that you're about to completely repeal it - and so stall the few sales about to exchange - and then do nothing? Even better, why not put it about that:

Although work is under way on a range of options involving possible changes to stamp duty and other measures to help buyers, there is deep scepticism about the idea in the Treasury.

Will the last Labour-voting estate agent switch off the lights before leaving the room...

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Comments

Stamp duty should be duly phased out a real hindrance for sale that around the threshold value.

http://www.soho-properties.com

Posted by steve jenings at August 12, 2008 10:01 AM

Comments

We've taken to offering a stamp duty guarantee to all purchasers of our properties that if the Government suspends stamp duty at any time in the next three months, we will remiburse our purchaser the full amount they would have saved. If this is the only way we can provide confidence to the market at the moment, then so be it. It's a shame that those elected to look after the economy are the very people undermining it!

http://www.secureasale.co.uk

Posted by Tim Jackson at August 12, 2008 10:48 PM


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