Mudcat Café message #4063611 The Mudcat Café TM
Thread #167690   Message #4063611
Posted By: Nigel Parsons
10-Jul-20 - 04:48 AM
Thread Name: BS: UK thread, Politics and political
Subject: RE: BS: UK thread, Politics and political
So the chancellor has given a 25 grand tax break to people buying houses that cost half a million. Oh, and we can get ten quid off a restaurant meal that we would have been buying, or not, anyway.

If you only show half the story, of course it can look bad. Everyone (rich & poor) can get the price reduction for eating out, and:
Companies as well as individuals buying residential property worth less than 500,000 will also benefit from these changes, as will companies that buy residential property of any value where they meet the relief conditions from the corporate 15% SDLT charge.
It's worth noting that the average cost of a house in London is now over 500,000

The purpose of the changes is not to put money in the pockets of the rich, but to get the economy moving.