Average flat in England and Wales now pays punitive 3 per cent Stamp Duty
Aug 2013 12

New Land Registry figures released by property management firm London Central Portfolio have revealed that the average price of a flat in England and Wales has risen above £250,000, taking them into the punitive 3 per cent band of Stamp Duty. Properties bought for a quarter of a million pounds or less pay up to £2,500 in Stamp Duty. But the tax bill rockets above this, to an eye-watering £7,500 on a property bought for £250,001.

The data is based on the Land Registry’s publicly available ‘price paid’ data (which shows an average price of around £239,000 for flats), but reportedly makes adjustments to exclude some transactions. But with both datasets showing average prices around the level at which the punitive rate kicks in, a lot more home buyers will be finding themselves stamped with a much nastier level of duty.

But you can make a difference. Go to StampOutStampDuty.org to automatically send your MP a message about Stamp Duty.

Cardiff says Stamp Out Stamp Duty
Aug 2013 12

On Saturday I was joined by several TaxPayers’ Alliance supporters when we held the Cardiff leg of our ‘Stamp Out Stamp Duty’ campaign to inform local taxpayers how this particular tax affects them. Many people I spoke to agreed that Stamp Duty is a horrible tax and discourages individual as well as overall economic growth. Continue Reading

Welsh Government wants to set its own Stamp Duty rates
Aug 2013 09

Earlier this week we launched our new ‘Stamp Out Stamp Duty’ campaign. We will be holding a stall in Cardiff  tomorrow to inform local taxpayers about what this punitive tax means for young people trying to get onto the housing ladder, for growing families and for Welsh jobs. The stall will be located near Aneurin Bevan’s statue, Queen Street, and we will be there from 11.00 am. If you are in Cardiff tomorrow, please come and say hello.

There have been recent calls for Stamp Duty, like many other taxes, to be devolved to the Welsh Government. This is in large part due to the Silk Commission and local politicians from all parties wanting to be able to set local taxation rates to – in their words – help the economy.

Continue Reading

Public want simpler taxes and less waste
Aug 2013 07

The Sun ran a poll carried out by YouGov last week, revealing the public’s deep dissatisfaction with the way government spends taxpayers’ money and the lavish severance packets of top public sector bureaucrats.

This is a brief summary of the results: Continue Reading

Motorists landed with £635 million parking bill
Aug 2013 06

Figures released by The Department for Communities and Local Government last week revealed the huge amount councils are raking in from parking. They are set make £635 million in 2013-14, up from £601m last year. Parking is an increasingly becoming a nice little earner for councils.  Continue Reading

Page 40 of 872« First...102030...3839404142...506070...Last »