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ESTAPLACE.COM REAL ESTATE - FREE LISTING SERVICE -
is an accommodation and real estate directory, where real estate property owners or real estate agencies connect with vacationers and home buyers worldwide. If you are a seller, you can add listings in few seconds, and if you are a buyer you can search listings to find your dream property!
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Nesgroup address: misc.invest.real-estate - Date & Time for the message: Fri, 4 Nov 2005 14:21:22 +0000
/ Author of the message: "me@privacy.net" |
Title of the message: |
Re: DTel: Stamp duty bleeds the middle classes
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Text of the message: |
In message <s7SdnYazvMyYUPTenZ2dnUVZ8qadnZ2d@brightview.co.uk>, Doug Ramage <ramage@XXukaccountant.net> writes ><s_pickle2001@yahoo.com> wrote in message >news:1130955464.576288.82390@f14g2000cwb.googlegroups.com... >bjw wrote: >> kuacou241@yahoo.com wrote: >> > Today, stamp duty is charged at one per cent on homes sold for >> > £120,000 to £250,000, three per cent between £250,000 and £500,000 >> > and four per cent for those above £500,000. >> I was astonished to learn that these rates are levied not on the >> proportion of the price *over the threshold*, but over the *entire* >> purchase price. So for example, when buying a house at £250,000 you >> would pay £2,500 in stamp duty, but for a house at £250,001 (one >> pound over the thhreshold) you would pay £7,500 - a difference of >> £5,000. How can they get away with structuring the tax like this? >Because it is easy to calculate. >And gets more money for the government. :) |
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Estaplace.com is one the Ceglia Giovanni projects, started on 20 July 2005, and online since 20 August as a real estate platform for listings, mainly operating on the Italian and American/English market in the Internet, Estaplace would like to become the point of referiment for home sellers and home buyers, a site where private owners or real estate agencies can have the possibility to show their offers to the world. Estaplace.com is only one of the Giovanni Ceglia's sites. Everyday Giovanni Ceglia works to improve new Internet tools and services for online marketing and business. Estaplace.com will become the biggest portal for real estate business and investments online.