Decking as a fixture and fitting

billybear1

Hi everyone,

Does anyone have an answer to whether decking can be classed as fixtures and fittings?

I have checked here and it's a bit of a grey area http://www.hmrc.gov.uk/manuals/sdltmanual/sdltm04010.htm

Any help would be greatly received.

silvercar

I would have thought they are fixed and fitted. In the same way that kitchen fitted cupboards are fitted.

theartfullodger

Is this because someone wants to take them with them or yet another tax fiddle?

DaftyDuck

You can class it as you wish... seller or buyer. The point is, agree what's included, or what's excluded. That's from the purchase point of view.

I would expect fixed decking to be classed as a fixture but, if the vendor wishes to retain it, that's up to him. Of course, it could be an independent transaction between the two.... It's then up to the tax man to decide if he's in agreement with your valuation, and choose to clobber you a few months down the line, if he so chooses!

No, it's part of the house fixtures & fittings, would have little value aside from in transaction with that house, and not suitable for a fiddle!

DaftyDuck

theartfullodger wrote: »

Is this because someone wants to take them with them or yet another tax fiddle?

.... after all, used decking ~ £20k value innit?

billybear1

Define tax fiddle?

I would suggest that calculated tax limitation is not illegal, after all, should the house incur an uplift in stamp duty and the vendor and buyer can negotiate a way around it, then a deal can be made.

Another tax "fiddle" may be sending someone who has paid their tax in accordance with all submitted forms and then declining an ESCA19 because they have not checked their own internal records correctly.

Also to clarify, it would probably have a value of c£200 - £300 on eBay, should the seller want to go down that route and could be a private transaction to stop him doing so.

theartfullodger

billybear1 wrote: »

Define tax fiddle?

I would suggest that calculated tax limitation is not illegal, after all, should the house incur an uplift in stamp duty and the vendor and buyer can negotiate a way around it, then a deal can be made.

Another tax "fiddle" may be sending someone who has paid their tax in accordance with all submitted forms and then declining an ESCA19 because they have not checked their own internal records correctly.

Also to clarify, it would probably have a value of c£200 - £300 on eBay, should the seller want to go down that route and could be a private transaction to stop him doing so.

Methinks she doth protest too much. It's a tax fiddle then:

mrginge

billybear1 wrote: »

Define tax fiddle?

I would suggest that calculated tax limitation is not illegal, after all, should the house incur an uplift in stamp duty and the vendor and buyer can negotiate a way around it, then a deal can be made.

Calculated tax limitation is certainly not illegal.

Non-declaration of linked transactions certainly is though.

booksurr

silvercar wrote: »

I would have thought not. In the same way that kitchen fitted cupboards are not.

?
the HMRC guide says it will not give an exhaustive list but does specifically state that fitted kitchen units are part of F&F (ie they are not chattels)

billybear1

theartfullodger wrote: »

Methinks she doth protest too much. It's a tax fiddle then:

Methinks you would like it to be for some fabricated moral superiority?

theartfullodger

Surely all moral superiority is fabricated - by someone, some-time, unless you wish to invoke the "imaginary friend"..