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Planning drawings and stamp duty
flossiethebrave
Posts: 7 Forumite
I am hoping to buy a house which has planning permission and full drawings for an extension. If I buy the plans separately from the house, will they be subject to stamp duty?
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Comments
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How much are you paying for the house, and how much for the plans?0
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Enough on the plans to alter the stamp duty from 1% to 3 if I don't buy them separately!0
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Be very careful not to inflate the value purely to gain the SD reduction. As part of the purchase of plans, I would suggest you need to get a copy of the invoice for the plans. Do not pay a penny more for the plans than is on this invoice, otherwise you are at risk of accusations of Stamp Duty evasion.flossiethebrave wrote: »Enough on the plans to alter the stamp duty from 1% to 3 if I don't buy them separately!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 -
agreed - very sensible to avoid that accusationDVardysShadow wrote: »Do not pay a penny more for the plans than is on this invoice, otherwise you are at risk of accusations of Stamp Duty evasion.0 -
And here is another problem ... his son is an architect and drew the plans up for him, so he hasn't actually had to pay anything. The planning permission has been granted also.0
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So how does he justify charging you for the plans when they didn't cost him anything....?0
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Actually I think he is trying to help me LEGALLY avoid extra stamp duty by suggesting separate payments as plans for an extension (full architects ones) must be worth something? They would certainly cost me something if I had to have them drawn up0
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Your not telling us the amounts here ... but I think I'd be offering 250 for the house and the drawings. Surely they can't be worth _that_ much (I have no idea how much drawings like this would cost).0
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no neither do I (any architects out there?), so If he'll accept 250 it won't be an issue anyway. But if an extra couple of grand could be put down legally to purchasing the plans then it could make all the difference.0
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Do you want to construct an extension EXACTLY as designed by the current owner's son, or would you rather have it designed to your own spec?0
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