Stamp Duty - Urgent!

GhostDog_2

Thanks Rzl :beer: Handing you a virtual beer here as I'll soon be too skint to buy the real thing! :rotfl:

So the next question is.....

Is it better to pay SD on the whole market value in case we decide to staircase.....or is it advisable to pay only on the 60%??? :rolleyes:

I SHOULD be celebrating today and I'm just stressing like a big girl's blouse!!!! :rotfl:

Bargain_Rzl

Even if GhostDog is in a disadvantaged area, he may yet find his solicitor arguing for weeks with HMR&C as mine still is - and I still don't know whether I owe SDLT or not :rolleyes:

Let's hope not, it would be rather nice

GhostDog_2

Nope Lynz.....its not in a disadvantaged area although I note we share(d) the same profession so maybe it should be?!!!

Bargain_Rzl

Ah, so you'll be paying it anyway then... shame.

I will of course report back to this forum once mine is resolved, for the benefit of other confused SO buyers...

GhostDog_2

Rzl.....I'm a girly!

Although I'm feeling more like an ol' lady now!!!! :rotfl: :rotfl: :rotfl:

Bargain_Rzl

Oooops I wondered about that after I wrote "he"....

Sorry

Edit: BTW I'm a girly too!

Bargain_Rzl

As regards whether you want to pay it all now, that depends on how you see your future. Do you envisage ever owning the place outright? If so it's probably worth paying it on the full amount now (assuming that the value of your house will rise on average). If not, don't bother... but nothing's black and white, and remember your circumstances may change (just ask Lynzpower about that )

Of course it also depends on what your finances are like at the moment. If paying full whack is going to mean you can't buy a fridge or a sofa for the next six months I'd say don't bother!

Bargain_Rzl

By the way, why did I not say so before...

CONGRATULATIONS ON COMPLETING!!!! :beer: :beer: :beer:

GhostDog_2

Heard from solicitor today.
Stamp duty to be paid within 28 days of completion. :shocked:

hazeyj

GhostDog wrote:

Heard from solicitor today.
Stamp duty to be paid within 28 days of completion. :shocked:

I would contact the stamp office by phone. If the postcode you have bought your flat in has changed but was the original postcode WAS in a disadvantaged area then you will still be excempt.

I had a hard time proving that I didnt have to pay stamp duty with my last flat, my sols didnt have a clue and I ended up calling the stamp office direct and got them to double check. Good job too.