tag:blogger.com,1999:blog-1141932539860553199.post7224898663761296669..comments2024-03-05T10:52:24.691+00:00Comments on Mark Wadsworth: Tax incidenceMark Wadsworthhttp://www.blogger.com/profile/07733511175178098449noreply@blogger.comBlogger11125tag:blogger.com,1999:blog-1141932539860553199.post-55673993355121308092020-07-14T10:30:40.635+01:002020-07-14T10:30:40.635+01:00Of course if you are moving to a similar size prop...Of course if you are moving to a similar size property then you really gain.<br />For example you have a price worth £300K and want to buy a similar size one.<br />The cost of moving before hand was 1% estate agent - £3K, £2K solicitor, £1K moving costs plus IIRC £3K stamp duty total £9K.<br />Now it would be about £6k.<br />This is great for labour mobility! Shame there are not many jobs.<br />Personally I would like to get rid of stamp duty and raise the same or more in LVT to stop house prices rising but to make moving possible.L fairfaxhttps://www.blogger.com/profile/12274756119129254373noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-79055430081136244552020-07-12T21:41:21.246+01:002020-07-12T21:41:21.246+01:00PW, I would have thought that the number of people...PW, I would have thought that the number of people who would now be able to buy because of the stamp duty who couldn't afford to before is far too small to make any difference to sales volumes.Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-3153300345372265842020-07-11T12:29:16.862+01:002020-07-11T12:29:16.862+01:00PW, you could argue that house builder shares only...PW, you could argue that house builder shares only go up because of more volume at constant prices. I don't agree, but the argument is plausible.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-47000022392800594702020-07-11T10:41:21.932+01:002020-07-11T10:41:21.932+01:00but wouldn't Persimmon shares go up even if th...but wouldn't Persimmon shares go up even if the SDLT burden was borne by buyers? e.g. sellers' shares could go up not only because of expected higher sale price, but also because of expected of higher sale volume? I agree it is a "clue" that tax incidence is on the seller, but not an evidence.Piotr Wasikhttps://www.blogger.com/profile/05460291916106181718noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-11212255907248541192020-07-11T07:24:58.957+01:002020-07-11T07:24:58.957+01:00B, the directors make the donations, the directors...B, the directors make the donations, the directors have share price related bonus schemes.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-19392107269486438322020-07-10T19:44:34.401+01:002020-07-10T19:44:34.401+01:00M, a rise in share prices doesn't benefit the ...M, a rise in share prices doesn't benefit the company themselves, unless they plan to issue more shares.<br /><br />Mark, just another example about most government policy being aimed at giving money to landowners.Bayardhttps://www.blogger.com/profile/15211150959757982948noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-21640015510011802702020-07-10T16:00:36.762+01:002020-07-10T16:00:36.762+01:00M, the land bankers would cut off their donations ...M, the land bankers would cut off their donations immediately and the Tories know it (not that Labour were much better).Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-69982082941106379802020-07-10T15:38:05.241+01:002020-07-10T15:38:05.241+01:00How about a budget where the first announcement is...How about a budget where the first announcement is that there is a windfall tax on any landowner share movements due to budget bungs?mombershttps://www.blogger.com/profile/09650866436764567516noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-27902414088484437342020-07-10T15:28:02.609+01:002020-07-10T15:28:02.609+01:00S, both.S, both.Mark Wadsworthhttps://www.blogger.com/profile/07733511175178098449noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-82384224308249759502020-07-10T15:02:22.671+01:002020-07-10T15:02:22.671+01:00Will this tax cut stimulate consumer demand, or wi...Will this tax cut stimulate consumer demand, or will it result in further house price increases?Sackersonhttps://www.blogger.com/profile/17284329249862764601noreply@blogger.comtag:blogger.com,1999:blog-1141932539860553199.post-43321555576213307342020-07-10T15:01:58.401+01:002020-07-10T15:01:58.401+01:00This comment has been removed by the author.Sackersonhttps://www.blogger.com/profile/17284329249862764601noreply@blogger.com