Quote:

Buy a house for £200,000 (pay stamp duty) and sell in 6 months for a vast profit (pay second amount of stamp duty for the same bleedin' house!!!)



Not quite - You only pay stamp duty when you buy a house.

The only time that you pay taxes on the sale of the house is if you sell a property that hasn't been your main residence for the 6 months preceeding the sale, where you would get hit for Capital Gains Tax (CGT) on the "profit" you made. (However, in line with this Gov'mints ever grasping ways, there have been rumours that CGT will soon be payable on all "profits", main residence or not)

Course if you die and your estate is over £300k then there are death duties to be paid! ( I'm sure you know estate don't mean a bleedin big country house!)

To get the thread back on track, I know you weren't including me when you said that we couldn't test ride your bike!

ps Put the TBA at the front next time!