Decking as a fixture and fitting

DRP

ABrass wrote: »

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...

depends what's underneath - decking is a useful place for hiding/dumping rubble, soil, general sh*t...

franklee

billybear1 wrote: »

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.

It'll be 5K + interest + penalties and they have 9 months to come after you (more if there's fraud). Every item you buy will need to be itemised and if they can proove just one of the items was overvalued and it takes you over the stamp duty threshold you will be liable. This risk is all on you and not the vendor. I'd suggest you tread very carefully if you are buying any extras. I think it's just not worth the hassle. Besides where else is the vendor going to get another mug to play ball? Suggest you make your 250K offer and stick to it. Let them take the decking.

densol_2

OP - I would just say you dont want the decking and they can take it if they wish as in reality they probably wont. I wouldnt be paying outside the purchase price for decking - its a fixture - HMRC will just add it i to the price and charge you £7.5k stamp duty - its just not worth taking the risk in my opinion

billybear1

Southend1 wrote: »

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

Sound advice - however we can afford a mortgage of £290,000 with MMR criteria and have £70,000 deposit. As we all know though, it isn't about what you can afford it is what something is worth. Just because we can afford that, it doesn't mean it is what we want or need. Personally I don't find your input, in this instance, constructive or welcomed.

Southend1

billybear1 wrote: »

Sound advice - however we can afford a mortgage of £290,000 with MMR criteria and have £70,000 deposit. As we all know though, it isn't about what you can afford it is what something is worth. Just because we can afford that, it doesn't mean it is what we want or need. Personally I don't find your input, in this instance, constructive or welcomed.

if it's not worth more than £250 then you will be able to buy it for £250 or less?

Sounds like you just want to avoid paying the tax on a property worth more than £250k.

I think your scheme is quite likely to be discovered.

Either offer £250 and stick with it if that's what the house is worth, or pay the tax that's due if you pay more!

theartfullodger

Southend1 wrote: »

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

Sensible, constructive, welcomed & helpful advice!

billybear1

theartfullodger wrote: »

Sensible, constructive, welcomed & helpful advice!

Until you contextualise it and realise it has no basis in my situation.

Anyway, buyer wanted to start upping the price for other fixtures and fittings that was silly whilst bemoaning selling the house at that price. I got the impression they weren't really looking to sell (it was a separation sale ) so we have taken our leave of this opportunity.

Thank you for all of your input though, ultimately this issue was the tip of an iceberg of someone on the market for no good reason me thinks.