Why would you buy a family home as a second place?

Sorry, I don't understand that.

It's also not a big cost overall. Say you're spending ?300k. The additional ?9k of stamp duty, spread over a 10 year investment is ?900 per annum.

Say you're receiving rent of ?1100 a month, ?900 per year reduces the yield by 0.03%. Not a big deal.

It hurts short term investors and I've got no problem with that.

Posted By: SimonOTBC on December 2nd 2015 at 09:44:54

Message Thread

When did the Tories announce their plans for stamp duty on second home owning?? (General Chat) - walksie, Dec 2, 08:32:49
- Gideons gone all socialist (n/m) (General Chat) - Tony Martin, Dec 2, 11:08:51
- Houses should be bought by people to live in, not as f***ing investments (General Chat) - mr carra, Dec 2, 09:51:33
  - Noxious trend ?? Bit simplistic surely. (n/m) (General Chat) - Men without hats, Dec 2, 17:59:25
  - OG has a second home and I bet he's not the only one on here (n/m) (General Chat) - Dandy Highburyman, Dec 2, 10:22:50
    - Tbf, I doubt OG's is depriving a first time buyer - isn't it half way up a mountain in (General Chat) - CB41, Dec 2, 10:44:27
      - Surely irrelevant where it is - unless you are an OG appeaser. (n/m) (General Chat) - Men without hats, Dec 2, 17:57:14
      - I don't know where it is other than he's mentioned Scotland and I don't mind... (General Chat) - Dandy Highburyman, Dec 2, 11:02:57
    - I don't have an issue with it but I do think one should look at how it could... (General Chat) - Dandy Highburyman, Dec 2, 10:23:50
      - Have 14 houses. If people could be allowed to buy them mrs wouldn't make a living from it (General Chat) - Hulk Rules, Dec 2, 10:32:35
        
        I"m not sure what point you're making (n/m) (General Chat) - Dandy Highburyman, Dec 2, 10:37:51
        
        I'm making the point that The Government is targeting second home and landlords with (General Chat) - Hulk Rules, Dec 2, 10:48:30
        
        If mortgages were easier to come by, wouldn't property prices be higher? (General Chat) - SimonOTBC, Dec 2, 11:02:50
        
        This doesn't help the situation either (General Chat) - CB41, Dec 2, 11:08:41
      - I don't have a problem with people having second homes (General Chat) - SimonOTBC, Dec 2, 10:30:14
  - Interesting that property companies are excluded then? (n/m) (General Chat) - walksie, Dec 2, 10:14:52
    - Tory donors probably (n/m) (General Chat) - CB41, Dec 2, 10:18:14
- First World problems, eh... (n/m) (General Chat) - Yellalee, Dec 2, 09:02:37
  - for a few (n/m) (General Chat) - CB41, Dec 2, 09:07:52
- Boo hoo (General Chat) - King, Dec 2, 08:54:53
  - Inheritance tax is abhorrent full stop. Why should kids pay stupid sums if their parents (General Chat) - Hulk Rules, Dec 2, 10:35:10
    - it's to stop people accumulating money for doing fuck all (General Chat) - Worzel Scrimmage, Dec 2, 13:16:41
      - People can do what the fuck they like with their money. Where is a law that states you (General Chat) - Hulk Rules, Dec 2, 19:21:27
  - Or todays company pensions are worth alot less then previous decades? Meaning they cant... (General Chat) - walksie, Dec 2, 09:33:12
  - I don't agree about IHT (General Chat) - SimonOTBC, Dec 2, 09:26:33
- Options to avoid it: (General Chat) - SimonOTBC, Dec 2, 08:46:07
  - I would say trebling the stamp duty to buy a family home as a second place... (General Chat) - walksie, Dec 2, 09:37:15
    - Why would you buy a family home as a second place? (General Chat) - SimonOTBC, Dec 2, 09:44:54
      - sorry - 0.3% - still not a big deal (General Chat) - SimonOTBC, Dec 2, 09:53:00
- Autumn statement I think. Sorry, but can't see anything wrong with trying (General Chat) - dennis moore, Dec 2, 08:37:42

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