Decking as a fixture and fitting

billybear1

theartfullodger wrote: »

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

Come on now, we all know it is fabricated when it needs to be undermined - rationality when it needs to be enforced.

booksurr

as silvercar (edited) says, patently decking is a fitted fixture and so is subject to the rules around value of F&F
perhaps you could also remove the paving slabs forming the path to the door if you believe decking is a chattel, after all slabs are "moveable" as well!

billybear1

booksurr wrote: »

as silvercar (edited) says, patently decking is a fitted fixture and so is subject to the rules around value of F&F
perhaps you could also remove the paving slabs forming the path to the door if you believe decking is a chattel, after all slabs are "moveable" as well!

Great idea - they make a few quid and are also available on eBay.

Niv

Sounds like a tax fiddle to me.

Mrs_pbradley936

Is the idea to reduce the overall purchase price and bring the place under a lower band for stamp duty?


If so you can only get away with about 1% because you can offer say £249K for the house and a couple of thousand for the carpets, curtains & light fittings which most class as fixtures and fittings then you save on the stamp duty and they buyer gets their figure of just over £250K.


You would be very foolish to offer £249K and then say that £10,000 or more was for F & F. A solicitor will not be a party to a would be fiddle plus not many people can pay several thousand "under the table" because most need a mortgage and/or need to rely on a valuation for insurance.

billybear1

In all honesty, there is an element of both at work - we can offer £250k due to our stamp duty limit and what we think the HOUSE is worth - there is decking attached to the property in the garden, we would like it the buyer has said it isn't included at that level. We have two choices, let him take it and do something else in the back, or pay for it.

I am not going to give someone £300 outside of the purchase price for it if it is going to end up costing me the extra 2% as that is why we offered £250,000 on a £265,000 house - because we don't want to pay stamp duty.

A fiddle - in a sense if it isn't possible because yes I dont want to pay stamp duty and if it would cost £1k to buy decking new rather than £5k later - then they can take it.

jc808

if i was the vendor, and my house was selling at the market rate, id tell you to do one

jbainbridge

I'd keep in mind that _you_ are the ones who will loose out if the revenue come after you ... not the vendor. Also the vendor will know that a property at this level is going to probably sell for 250 ... you could just stick to your guns.

Southend1

If you can't afford the house and the stamp duty then find a house you can afford at or below £250k!

ABrass

billybear1 wrote: »

In all honesty, there is an element of both at work - we can offer £250k due to our stamp duty limit and what we think the HOUSE is worth - there is decking attached to the property in the garden, we would like it the buyer has said it isn't included at that level. We have two choices, let him take it and do something else in the back, or pay for it.

Don't see this as losing the decking, see it as a chance to get the hard bit of replacing it done for free. After all that's the annoying bit.

Of course you might want to ask the Seller to be careful removing it as a damaged lawn would impact the value of the place...