Tory conference

keepingquiet

No, I don't but why should that make a difference?

It doesn't. I guess the answer you're looking for is that your properties have been quote low value.

There are still properties available in the UK available below the stamp duty threshold, bought mainly by poorer people.

The point is that these poorer people won't benefit from the abolition of stamp duty. Strangely, stamp duty increases as a percentage as properties become more expensive, so people who can afford the most expensive homes will benefit from the abolition of stamp duty.

Stamp duty cuts don’t work: they just increase house prices. All that happens is that the house price goes up by the value of the stamp duty saved. The people who benefit most are sellers not buyers.

Strange how Badenoch was criticising other party leaders over the magic money tree and then says she plans to give away £9 billion on this.

Tax Policy Associates:

taxpolicy.org.uk/2024/06/09/stamp_duty_terrible_how_to_abolish/

They argue that if were to be done it would need to be done in tandem with changes to council tax.

Tax Policy argued that stamp duty abolition should be a permanent policy to avoid increasing property prices. Not a one off. Then house prices would stabilise? According to inflation?

PaynesGrey

Who is this Brit Ian and has he found Kemi yet?

Far more important question. Chocolate or Starmix? Terrific.

I know Ian, he defected to the Lib Dems 😁

Of course Kemi has a good point about stamp duty as it would encourage older people to downsize their family homes freeing up property for younger families.
I also wonder if Kemi is attacking Labour’s annual tax on property over £500k if that’s on the table?

OP 😂
I bought a chocolate bar a bit like that on the ferry last weekend! But no typos on mine.

keepingquiet

I have owned four homes of my own and never paid stamp duty.
What does that tell you?

You must be Angela Rayner!

sunami

ronib

That tells me you don’t live in the South East keepingquiet

Or that she last bought a property many years ago.

😆 centuries more like!

Nik1ta

keepingquiet

I have owned four homes of my own and never paid stamp duty.
What does that tell you?

You must be Angela Rayner!

😂 😂

escaped

Nik1ta

keepingquiet

I have owned four homes of my own and never paid stamp duty.
What does that tell you?

You must be Angela Rayner!

😂 😂

There have been a couple of stamp duty 'holidays' in the last few years for first time buyers, otherwise the SD limits were quite low.

it would encourage older people to downsize their family homes

Why would it? SDLT isn’t preventing somone from buying a lower value property. They just have to pay tax on it as would any buyer. That’s just a myth that the Telegraph likes to push.

One of the reasons older people don't move to more suitable properties that better meet the physical limitiations of older age is the dearth of suitable properties. True, that dearth means that demand outstrips supply creating high prices such that the smaller property might be just as or more expensive than the larger one.

The solution to that is to build more smaller, accessible homes. The business model of dedicated developers e.g. McCarthy & Stone, isolated apartment blocks on ugly brownfield sites with epic prices and maintenance charges needs to be challenged.

We dont just need “affordable” homes for rent integrated in new developments but smaller accessible homes for older people to buy so they can continue to live in mixed communities.

Anyway, back to the economics of Badenoch’s proposal.

According to the OBR, the plan to abolish stamp duty would put a £24.5 billion a year black hole in Government finances by 2030,

If she is claiming to be giving away £9 billion then that means those who would still have to pay SDLT, would have to be paying significantly more than they do now.

I am an older person and stamp duty is not stopping me from downsizing but a lack of suitable properties, as PaynesGrey describes, is. There are lots of lovely 4 bedroom properties being built around me but not a bungalow to be had. Abolishing stamp duty will certainly benefit people buying high value houses and landlords buying the cheaper properties to let but if Mrs Badenoch thinks that this is the big, golden idea that will tempt voters then she may well be disappointed.

Well, chocolate is a subject on which I feel that I may claim ( modestly) a certain expertise.
However, I agree that this bar is, clearly, Ian's, so I wouldn't dream of commenting on the quality.
Is Ian in the house .. any house?

sunami

ronib

That tells me you don’t live in the South East keepingquiet

Or that she last bought a property many years ago.

Eight years ago- eight years before that- nine years before that and my very first home I lived in for almost twenty-five years. I have never paid stamp duty.

I think the Tories are bereft of quality leadership material. Comparison with Lord Heseltine being interviewed shows them all up.

Not just the Conservatives surely? Across the board….*Grantanow *

Chocolatelovinggran

Well, chocolate is a subject on which I feel that I may claim ( modestly) a certain expertise.
However, I agree that this bar is, clearly, Ian's, so I wouldn't dream of commenting on the quality.
Is Ian in the house .. any house?

Ian ate all the pies chocolate.

He's lying down in a darkened room.

I like her. She speaks clearly and eloquently. In fact, I think she is a refreshing change to many of the other MPs of all parties. Give her a chance.

Haha, love it. sums them up, especially as they want immigrants to have a high standard of English!

Lell

I like her. She speaks clearly and eloquently. In fact, I think she is a refreshing change to many of the other MPs of all parties. Give her a chance.

She speaks nonsense. "Last time I checked N. Ireland voted Leave" They voted Remain. I became working class after working in Macdonalds!
Accepted on a pre med course that doesn't exist.
so much more.........
They're only hanging on to her because it would look so foolish if they changed leader again.

I can't read this thread without wanting to break into the forbidden chocolate stash.

Yes Juniper, spot on.

I agree that there was a lot of positive talk at the Conservative Conference.

I have an African daughter-in-law who works harder than a lot of English ladies and has is a better career than a lot of English ladies.
She is actually horrified knowing that people get so much help in the UK and expect to get more. While in Africa there is no help which is the reason there is a lot of poverty which would happen in the uk if there was no help.

I didn’t watch the Conservative Conference, too busy but did catch a bit of it in the news, it showed what looked like a standing ovation for Kemi Badenoch and a lot there saying congratulation’s to her and she looked glowing. So she’s obvs popular with quite a few.

I can’t make out the words on the choc , it’s all blurry so what did it say?
Not that I’d worry, it’s chocolate and that’s good enough for me
😄🍫

Oreo - it says
"When Labour negotiates,

Britian loses"

Kemi Badenoch