|
|
Article: Stamp duty on homes: Gordon Browns stealth wealth tax.
- Article from:
- Sunday Business (London, England)
- Article date:
- November 3, 2002
CopyrightCOPYRIGHT 2002 Sunday Business Publishing. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
HAVE you just got married, had some children, got divorced, found a new job u or just decided you were bored with one part of the country and wanted to try another?
If you are a property owner, British chancellor Gordon Brown thinks any of those decisions means you should pay tens of thousands in extra taxes. How so? Each of them usually involves moving house, which is now a very expensive business.
Another child, and moving from a u1m (E1.6m) house to another u1m house with a bigger garden? That will be u40,000 in stamp duty, please.
Getting divorced and splitting a u1m house into two u500,000 flats? Forty grand, please. A new job offer that ...