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**HELP PLEASE** Advice on STAMP DUTY
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the structure is water proof, clean, has a concrete floor and could have a number of uses such as stables, storage, unit rental possibly.0
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... but if you're using it for storage unconnected to agricultural uses, won't you need 'Change of Use' planning consent?
Are you likely to get this for something in an agricultural area?0 -
ssssshhhhhhhhhhh they dont need to know everything! googler0
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If you google "SDLT mitigation" you will find various organisations offering schemes which claim to mitigate the SDLT. However, these should be considered high risk and are therefore only really worth a punt for higher value purchases.
I have to disagree... these "mitigation" schemes are not worth the trouble and more likely to get you done for tax evasion. Don't fall into the trap of believing you can avoid paying the tax and that it wont be noticed.
As for whether you should be paying SDLT on the piece of land speak to your solicitor. They will be the one filling out the tax paperwork and they will know how to deal with it.0 -
tillytomcat wrote: »ssssshhhhhhhhhhh they dont need to know everything! googler
Knock yourself out, if you have £70k to spare, only to find that your neighbours, local council, or planning dept within the council take exception to the new self-storage facility (or whatever you have in mind) that you're running on land which isn't designated for commercial/light industrial use.....
I'd suggest you look at the most recent version of the council's local plan, to see if the land is designated for purely agricultural use (or ask at the planning dept), but it sounds like you're going to sweep this advice under the carpet anyway, so......0 -
Enough help from you on this, granny is waiting for you to teach her how to suck eggs. Now, run along.Knock yourself out, if you have £70k to spare, only to find that your neighbours, local council, or planning dept......
Hi, we’ve had to remove your signature. If you’re not sure why please read the forum rules or email the forum team if you’re still unsure - MSE ForumTeam0 -
DVardysShadow wrote: »Enough help from you on this, granny is waiting for you to teach her how to suck eggs. Now, run along.
Bite Me.
You asked the questions, why are you surprised/upset/annoyed/irritated when the rest of the group answer them as best we can with the sketchy info you provide?0 -
Different address, two different sales.
Out of interest, the land with chicken shed, is it green belt land? Or does it have permission for building? If it is green belt or restricted usage then £70k is a huge amount of money.
Depends on the amount of land, I'd have thought. A lot for 1 acre. Cheap for 70!...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.0 -
The OP said it was about one acre I think. I would have thought ten thousand would be more like its value.neverdespairgirl wrote: »Depends on the amount of land, I'd have thought. A lot for 1 acre. Cheap for 70!
OP you will never get away with an unofficial change of use. In a rural area everyone notices coming and going or building work going on no matter how remote you think you are. Sooner or later someone will let the planing people know.0
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