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tweetiepooh · 03-03-2017, 09:38

I thought the banding had been changed so there isn't the silly big step any more.

The old band had a change from 1% to 3% at 250k but the figure applied to the whole so at 250k you paid 1% (2.5k) and at 251k you paid 3% (7.5k). The new method increased the percentages but it's a bit more like income tax so you'd pay the higher percentage only on the portion over the cut off. It's why you didn't see houses for sale at 255k.

This could all be male bovine excrement or wishful thinking.

03-03-2017, 09:38	#6
tweetiepooh Virgin Media Employee Join Date: Sep 2005 Location: Winchester Services: Staff MyRates BB: VM 1Gb TV: VM XL Phone : VM XL Posts: 3,281	Re: House sellers 'should pay stamp duty' I thought the banding had been changed so there isn't the silly big step any more. The old band had a change from 1% to 3% at 250k but the figure applied to the whole so at 250k you paid 1% (2.5k) and at 251k you paid 3% (7.5k). The new method increased the percentages but it's a bit more like income tax so you'd pay the higher percentage only on the portion over the cut off. It's why you didn't see houses for sale at 255k. This could all be male bovine excrement or wishful thinking. __________________ I work for VMO2 but reply here in my own right. Any help or advice is made on a best-effort basis. No comments construe any obligation on VMO2 or its employees.