We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Garden office as fixtures and fittings?
Options
Comments
-
If our solicitor says its ok, does that cover us if HMRC decide to query it?
I quite honestly am trying to avoid paying stamp duty, but only in a legal way!
Think you need to suck it up and pay it then, if your looking for a legal way of avoiding paying tax.
Unless the house would actually be worth £20,000 less if the office was not there. What about other similar sized properties in the area without this type of extra in the garage, what are they reasonably worth?"Dream World" by The B Sharps....describes a lot of the posts in the Loans and Mortgage sections !!!0 -
I'm starting to think you are right, Foxy-Stoat.
Stator - we offered £525k on the property (we live in the expensive south east). I was considering reducing it to £500 + £20 for the office. The solicitor I spoke to on the phone said we could offer as much as we wanted for the office! I am starting to regret not using the more local soliticors, to be honest, but I can't back out now.
MrGinge, thank you, I hadn't appreciated the definition of 'chattels' vs 'fixtures and fittings'. I've googled it and I agree, I'm not sure the office would really class as a £20k chattel.0 -
we offered £525k on the property (we live in the expensive south east). I was considering reducing it to £500 + £20 for the office. The solicitor I spoke to on the phone said we could offer as much as we wanted for the office! I am starting to regret not using the more local soliticors, to be honest, but I can't back out now.
Well of course you can offer as much as you want for the house or the office. This is a free market.0 -
Sorry, jjlandlord, I should have made the context clear. I was asking him if I could legally offer £20k for the office in order to take the property value below the stamp duty threshold. He said I could offer anything I like, with the contextual implication that this was legal.0
-
It may be legal but it may also be ineffective in reducing your stamp duty.Changing the world, one sarcastic comment at a time.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351K Banking & Borrowing
- 253.1K Reduce Debt & Boost Income
- 453.6K Spending & Discounts
- 244K Work, Benefits & Business
- 598.9K Mortgages, Homes & Bills
- 176.9K Life & Family
- 257.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards