Stamp duty

[Justin Passing]

Why in principle should it not be done away with and replaced with VAT?

 

[pete01]

Why not just done away with and let people keep their own money.

 

[motorbiking]

Why in principle should it not be done away with and replaced with VAT?

That would be quite expensive.

 

[diy_fun_uk]

There is talk of replacing it with an annual house tax. That will force the poor old folk out of the homes they’ve saved up and bought with their life’s work.

I suspect over coming years/decades we'll see more pernicious taxes on property and vehicles.

Whenever I read about old folk and property I think 'what about those who want to stay put?' As you say, in a property they most likely saved to buy followed by years of mortgage payments and investment in the property.

Many want to downsize, some don't. The latter shouldn't be penalised.

 

[noseall]

There is talk of replacing it with an annual house tax. That will force the poor old folk out of the homes they’ve saved up and bought with their life’s work.

Nonsense. Release a tiny bit equity and live in blissful ignorance.