[mrmistoffelees]

Originally Posted by Taf

I'm in two minds over this.

I think a tax on selling your house is fair, especially since you are liable to have made a fat profit these days. But isn't the profit liable to Capital Gains Tax or whatever?

Buying a house is hard enough for many, so I think the level at which the tax is levied should rise in line with house prices, so that not more and more buyers are liable to pay it. But house prices vary with the area, so perhaps it should be based on the Council Tax rate or something?

http://www.bbc.co.uk/news/business-39139128

Stamp duty does rise depending on the house price. I'm not sure I agree with this, are they going to refund people who've recently bought houses? No, thought not....

Also, dependent on area there is quite a few first time buyers who would be paying no stamp at all