{"id":34948,"date":"2016-11-19T14:00:01","date_gmt":"2016-11-19T07:00:01","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/autumn-statement-why-the-chancellor-mustnt-cut-stamp-duty\/"},"modified":"2016-11-19T14:06:34","modified_gmt":"2016-11-19T07:06:34","slug":"autumn-statement-why-the-chancellor-mustnt-cut-stamp-duty","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/autumn-statement-why-the-chancellor-mustnt-cut-stamp-duty\/","title":{"rendered":"Autumn statement: why the chancellor mustn\u2019t cut stamp duty"},"content":{"rendered":"


\nPhilip Hammond can do a deal for the rich homebuyers of Mayfair or do something for middle England insteadWednesday\u2019s autumn statement will be the first test of new chancellor Philip Hammond. Will he, as Theresa May promised in her speech on becoming prime minister, \u201cmake Britain a country that works for everyone\u201d. Or will he listen instead to a vociferous campaign on the front pages of the Daily Telegraph, demanding tax cuts for people who can afford to buy \u00a31m houses?The nub of the Telegraph campaign is that stamp duty charges for homebuyers are too high. They label it a \u201cpunitive tax\u201d which has resulted in a fall in house sales and a painful cut in income for removal firms and home renovators, indirectly resulting in the loss of 14,000 jobs. What\u2019s more, it contends that the Exchequer has received \u00a3370m less in stamp duty than it expected when George Osborne upped the rates. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Autumn statement: why the chancellor mustn\u2019t cut stamp duty<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Philip Hammond can do a deal for the rich homebuyers of Mayfair or do something...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-34948","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-95G","jetpack-related-posts":[{"id":72557,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/stamp-duty-cut-for-first-time-buyers-hopes-to-fix-housing-market\/","url_meta":{"origin":34948,"position":0},"title":"Stamp duty cut for first-time buyers hopes to fix housing market","date":"November 22, 2017","format":false,"excerpt":"\r Chancellor more than doubles the tax threshold to \u00a3300,000 in his budget, effectively exempting 80% of all new buyers Scrapping stamp duty for four out of five first-time buyers was part of a package of measures designed to fix the housing market announced by the chancellor, Philip Hammond. With\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72665,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/philip-hammond-stamp-duty-axe-is-incentive-to-save-house-deposit\/","url_meta":{"origin":34948,"position":1},"title":"Philip Hammond: stamp duty axe is incentive to save house deposit","date":"November 23, 2017","format":false,"excerpt":"\r Chancellor says criticism that his flagship policy will merely raise house prices overlooks his plan to build more homesPhilip Hammond has defended his flagship housing policy against criticism it will raise house prices and said that abolishing stamp duty for first-time buyers would create an incentive to save a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35190,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/philip-hammond-to-mount-tax-raid-on-employee-benefits\/","url_meta":{"origin":34948,"position":2},"title":"Philip Hammond 'to mount tax raid on employee benefits'","date":"November 21, 2016","format":false,"excerpt":"\r Chancellor to use autumn statement to restrict tax-free perks such as gyms, health checks and parking, according to expertsThe chancellor is set to restrict the tax-free benefits offered by \u201csalary sacrifice\u201d schemes, where employees agree to reduced cash pay in return for certain benefits.According to tax experts, Philip Hammond\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129929,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/what-does-kwartengs-stamp-duty-cut-mean-for-uk-homebuyers\/","url_meta":{"origin":34948,"position":3},"title":"What does Kwarteng\u2019s stamp duty cut mean for UK homebuyers?","date":"September 23, 2022","format":false,"excerpt":"\r As chancellor announces no tax to be paid on properties up to value of \u00a3250,000, we explain changes across UKKwasi Kwarteng\u2019s mini-budget: key points at a glanceLive updates: Kwasi Kwarteng announces mini-budgetThe chancellor, Kwasi Kwarteng, has confirmed a permanent stamp duty cut, with no tax to be paid on\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117740,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/estate-agents-in-england-report-surge-of-interest-as-tax-cut-spurs-on-homebuyers\/","url_meta":{"origin":34948,"position":4},"title":"Estate agents in England report surge of interest as tax cut spurs on homebuyers","date":"July 10, 2020","format":false,"excerpt":"\r Fears stamp duty holiday could be swallowed up by competitive house biddingVirtual viewings, no open-house tours, and getting out of the city are the order of the day for would-be homebuyers spurred to action by this week\u2019s announcement of a stamp duty holiday on the first \u00a3500,000 paid for\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":69942,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/philip-hammond-plays-down-50bn-housing-boost-in-budget\/","url_meta":{"origin":34948,"position":5},"title":"Philip Hammond plays down \u00a350bn housing boost in Budget","date":"October 25, 2017","format":false,"excerpt":"\r Landlords hit again as chancellor considers stamp duty cuts for first time buyers\r \r Source : ft.com\r Read more...Philip Hammond plays down \u00a350bn housing boost in Budget","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/34948"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=34948"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/34948\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=34948"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=34948"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=34948"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}