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The Property Podcast

TPP141: Special episode: Autumn statement shocker!

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.82K Ratings

🗓️ 30 November 2015

⏱️ 19 minutes

🧾️ Download transcript

Summary

It’s our first non-Thursday episode in the history of The Property Podcast…and it’s brought to you in association with George Osborne! In this special extra update we pick over the implications of the Autumn Statement,

Transcript

Click on a timestamp to play from that location

0:00.0

Georgie Porgie Porgie Pudding and Pie kissed the girls and made them cry when the boys came out to play

0:07.4

Georgie Porgie ran away

0:09.8

We have different intro music we have a different day we're going out and we have a different title.

0:15.0

Rob are we losing the plot or is somebody else losing the plot?

0:18.0

This is what we've been driven to Rob.

0:20.0

What, I just don't know. I think I'm just going to sigh and then that will be the podcast.

0:27.0

Okay, let's elaborate a little bit, but yeah, this is, this episode is, comes to you courtesy

0:37.6

of George Osborne and yet another interesting little curveball he's thrown our way last week.

0:45.0

So we thought that rather than wait until Thursday we would sneak out a little extra episode because

0:48.8

we know that it's something that everyone else has been talking about.

0:51.6

It's something that we've been talking about between the two of us, plenty, so that well why not flip on the mic?

0:57.2

Let everyone else hear us moaning as well. Yeah, but before we get to the moaning and the implications of these changes, let's discuss the changes.

1:06.4

So what happened?

1:08.4

Well, a lot.

1:10.5

So much so that we had a plan to podcast, we just oh we're mentioning in our news feature because he's going to do a lot this time is he how wrong we were again we seem to get it wrong a lot with this government

1:20.2

So the big news by to let and second homeowners will be charged stamp duty at 3%

1:30.1

higher than the current rate so for example if the current rate. So, for example, if the current rate is 2 or 5%, that would become 5%?

1:40.0

How does that impact you? Well, massively. Before if you had a property worth 100,000, there was no tax at all. But now, if it's over 40,000, there's a tax.

1:53.5

So straight away, there's a new tax for properties

1:55.7

that previously had no stamp duty.

1:58.0

But even a bigger impact, if you have a property

2:01.8

that's worth over a quarter of a million, then the tax is huge.

...

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