Relief

To allow Roll Over relief for Land Tax, for example, should you sell the property that was purchased within a period of say 5 years and re-invest in another property you could qualify for relief of the Land Tax already paid but you would have to pay the increase due should the following transaction incur a higher rate of Land Tax.

In addition I would suggest a level of relief for first time buyers.

Why the contribution is important

This may encourage first time buyers and movement in the sales market.

by Charlotte on October 03, 2016 at 11:47AM

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Comments

  • Posted by Puffeddragon October 13, 2016 at 10:12

    this idea wouldn't help first time buyers, but would massively help property developers and speculative purchasers. Why should there be a protection for those who have the means to reinvest in more expensive properties, surely the fairest way would be to assist those with the least i.e. first time buyers because without them the whole market slows up.
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