My thought for the day

negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
14/11/2008 11:30

With the TRNC property market in decline, I had a thought......



Your home is finished, and it's time for your builder to sort transferring the deeds over to you.



But in order to do so, he needs to pay 6.25% tax to the Government.



There is no pressure from the Government to pay the tax/transfer the deeds, so surely any prudent builder isn't going to do diddly...



Result - No deeds for the purchaser....



Be interested in everyone's thoughts on this one.....





Nick.

brian24001


Joined: 23/03/2008
Posts: 606

Message Posted:
14/11/2008 11:58

I am pretty sure there are loads of builders running around in flash cars and living to an inflated lifestyle off the backs of moneys that should have been paid to complete some peoples purchases. Fortunately there are a lot of others who do have self respect and operate accordingly.

I liken the problem you mention to giving a pound to a 5 year old. He know's it's not his, but if he can just keep hold of it ............ or spend it before mum and dad find out ....................



My thought for the day:

Just because you are not paranoid, doesn't mean they are not out to get you.

corbytown


Joined: 05/08/2008
Posts: 327

Message Posted:
14/11/2008 12:49

may i ask ( i know its been asked probably a hundred times before ) once you pay your VAT payment do you receive your deeds ?

Can you hold back on the vat payment until your deeds are there ?



As you can probably guess, my builder is asking for my vat payment

corbytown


Joined: 05/08/2008
Posts: 327

Message Posted:
14/11/2008 12:52

in fact i will start a new thread on this !

negativenick


Joined: 10/11/2008
Posts: 6023

Message Posted:
15/11/2008 10:51

No Corby !! - your builder needs to pay his 6.25% too - if he doesn't pay, you don't get your deeds.



I'd be interested how many members have received their deeds in say the last 3 months ??





Nick

brian24001


Joined: 23/03/2008
Posts: 606

Message Posted:
15/11/2008 10:55

CT,

didn't see new thread:

I wouldn't pay my VAT until the builder has paid his as there is no point paying out more if he's not going to pay.

Also, I wouldn't pay it to the builder either I would pay it to the tax office through Advocate or better still personally (only way to actually be sure) and take a copy (marked up as 'copy') of the receipt to the builder for his records.

karakum5c



Joined: 18/03/2008
Posts: 1021

Message Posted:
15/11/2008 11:36

You wouldnt pay your tax in the UK to a third party always pay it to the government direct.