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Chattels?
dfarry
Posts: 940 Forumite
I am trying to tie up all the initial sale/purchase paperwork today.
I have received a schedule from my solicitor to complete as well as a memorandum from my vendors estate agent for the house we are buying.
On the memorandum under fixtures and fittings only carpets are mentioned, so I will confirm that light switches, fittings etc. will be remiaining (and I believe they will).
On my solicitors papers I have been asked if I will be leaving any fixtures and fittings and their value.
I want to save as much stamp duty as possible so of the agreed purchase price if I ask the sellers agent - would they be able to apportion the appropriate amount for carpets, so that the purchase price is effectively less (as would be the stamp duty?)
Would this affect the amount of commission paid the agent?... I can't see why as it is still related to the sale.
Likewise if I can save my buyers a few quid (we will be leaving carpets and light fittings etc...) then I will happily do this but the overall sale price would ned to be revised down to accomodate this for them....
If it is too much hassle I'll just stick with the over purchase prices and take the hit on stamp duty
I have received a schedule from my solicitor to complete as well as a memorandum from my vendors estate agent for the house we are buying.
On the memorandum under fixtures and fittings only carpets are mentioned, so I will confirm that light switches, fittings etc. will be remiaining (and I believe they will).
On my solicitors papers I have been asked if I will be leaving any fixtures and fittings and their value.
I want to save as much stamp duty as possible so of the agreed purchase price if I ask the sellers agent - would they be able to apportion the appropriate amount for carpets, so that the purchase price is effectively less (as would be the stamp duty?)
Would this affect the amount of commission paid the agent?... I can't see why as it is still related to the sale.
Likewise if I can save my buyers a few quid (we will be leaving carpets and light fittings etc...) then I will happily do this but the overall sale price would ned to be revised down to accomodate this for them....
If it is too much hassle I'll just stick with the over purchase prices and take the hit on stamp duty
0
Comments
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what is the price of the house and how much do you value the chattels at ?0
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Hi there, I would say that the chattels would be worth a few thousand pounds on both properties...
I am buying for £305500.00 and therefore 3% stamp duty... so I would probably save no more than £100... but a begrudge paying a penny more than I have to in tax.0 -
It could affect the amount of commission paid to the agent, they usually get paid on the final selling price. But 1.5% (average fee) of £3000 is only £45.0
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Hmmm I think I will wait until I get the full fixtues and fittings list then, perhaps if the extra's add up to over a £100 saving in stamp duty I may push for this to be taken into account.
Cheers
DAN0
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