Is it just me?
I am sick of hearing about stamp duty whether it would be on this site or in the media or people asking me how to avoid it.
What is wrong with this country? I think stamp duty is totally justified as a means of extracting wealth from the wealthy. If you can afford to buy a house then you should pay some tax - its as simple as that.
Regarding the clawback provisions when people rent there house out this is simply anti avoidance to prevent people from saying they are going to be owner occupiers but instead rent the house out. Of course the 5 year time line is debatable, but seems fair.
Laslty, I hope revenue do in fact make good on their promise and go after people who did not pay there clawback those that still do not pay should then be prosecuted. I know a lot of people that have rented there house knew they had a tax liability but didnt pay because they knew they could "get away with it". Obviously some exception should be made for a pure innocent error but how would revenue decide that?
lastly stamp duty will not change materially in next months budget so all the people holding off on buying property can rest in peace
Ok rant over
I am sick of hearing about stamp duty whether it would be on this site or in the media or people asking me how to avoid it.
What is wrong with this country? I think stamp duty is totally justified as a means of extracting wealth from the wealthy. If you can afford to buy a house then you should pay some tax - its as simple as that.
Regarding the clawback provisions when people rent there house out this is simply anti avoidance to prevent people from saying they are going to be owner occupiers but instead rent the house out. Of course the 5 year time line is debatable, but seems fair.
Laslty, I hope revenue do in fact make good on their promise and go after people who did not pay there clawback those that still do not pay should then be prosecuted. I know a lot of people that have rented there house knew they had a tax liability but didnt pay because they knew they could "get away with it". Obviously some exception should be made for a pure innocent error but how would revenue decide that?
lastly stamp duty will not change materially in next months budget so all the people holding off on buying property can rest in peace
Ok rant over