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Not even that -- you pay tax when you buy the home. Buy a house for £300k with a 270k mortgage, pay £5k stamp. Crossrail increases it to £600k. Sell the house,
by isostatic 7y ago
Not even that -- you pay tax when you buy the home.
Buy a house for £300k with a 270k mortgage, pay £5k stamp. Crossrail increases it to £600k. Sell the house, repay mortgage, buy new house elsewhere for £300k, pay £5k stamp, and you've suddenly changed your £35k into £325k.