Any news on the Extension of discount for Stamp Duty

smithy


Joined: 17/07/2008
Posts: 5301

Message Posted:
25/08/2009 11:18

Hi has anyone any news to say the discount is going to be carried on after the end of September

would appreciate any info

sheila

Hayran


Joined: 12/03/2009
Posts: 74

Message Posted:
25/08/2009 12:54

I have spoken to the Land Registry and they have confirmed that the extension is currently agreed until the end of September, but there is a good chance this will be extended further, but no guarantee's. Constructors are pushing for an extension.

smithy


Joined: 17/07/2008
Posts: 5301

Message Posted:
25/08/2009 14:16

Hi Hayran

Please god they extend it to after Christmas gives me more time to get the money together, but its scary if I panic and borrow the money and then they extend it, I will be worse off, just had my final figure and its way more than what I expected. Not sure how they got to that figure, no one seems to know whether its 5% of the contract price or off the build.

Any info would help

Sheila

Hayran


Joined: 12/03/2009
Posts: 74

Message Posted:
25/08/2009 14:20

Hi Sheila, they should be calculating the taxes due on the contract price and you should insist on this. You should also ask for a complete breakdown of all costs and how calculated to ensure you are not paying more than you have to!

If you give me a nudge a week or so before the end of September, I will contact the Land Registry again to see if the tax discounts have been extended beyond the end of September.

Hope this helps.

Hayran

smithy


Joined: 17/07/2008
Posts: 5301

Message Posted:
25/08/2009 14:28

Hello Hayran

I have asked them for a breakdown twice but they dont come back to me, thanks for letting me know whether its the Contract or the build they calculate the taxes from. I was hoping it was the build as I paid £20,000 more than the others in my apts as mine is classed as a 2nd time buyer.

Many thanks again I will drop you a line a couple of weeks prior to the end of September by then you might have some more news.

Many thanks again

Sheila x

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
25/08/2009 14:35

Hi smithy this link explains all taxes payable - http://www.nmplegal.com/pdf/GUIDE%20TO%20TAXES%20FOR%20PROPERTY%20TRANSACTIONS.pdf



Cooper



PS did your family arrive on time ?

smithy


Joined: 17/07/2008
Posts: 5301

Message Posted:
25/08/2009 14:52

Hi Cooper

Thanks for the link will let my son have a look at it, I'm getting more confused by the day

Family arrived on time, but friends flights was brought forward by two hours, but all safe and sound.

sheila