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Complete on 1 April delayed got to pay stamp duty

2

Comments

  • Mallotum_X
    Mallotum_X Posts: 2,591 Forumite
    Part of the Furniture Combo Breaker
    How fast are the plots selling?

    The builders first offer is half the stamp duty so they are keen to do a deal, Push harder and he may get more, but as said above it depends on how much the builders want to keep the sale.
  • megaginge
    megaginge Posts: 363 Forumite
    Dan-Dan wrote: »
    Heart bleeds daily the stress these would be landlords are facing

    poor little lambs

    There really is no need to be so negative about someone who is just trying to make a living...
    Hello There. :beer:
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    chipsdog wrote: »
    My son and girlfriend was due to complete on his house on the 1 April 2016,

    If they haven't exchanged contracts then no completion date has been set.

    Nor will the developer prioritise work on this unit either. As there's no certainty of a purchase as yet.
  • Dan-Dan
    Dan-Dan Posts: 5,279 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    megaginge wrote: »
    There really is no need to be so negative about someone who is just trying to make a living...

    Maybe this particular would be LL needs to investigate other ways of doing so
    Never, under any circumstances, take a sleeping pill and a laxative on the same night.
  • theartfullodger
    theartfullodger Posts: 15,781 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Paying the tax validly due is the duty of all patriotic citizens & should be something people are happy - nay, proud - of doing, rather than scrabbling around under damp stones finding ways of fiddling out of it.
  • pinkteapot
    pinkteapot Posts: 8,044 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    As above, as 1 April was always going to be 'too late', so they were always going to have the larger tax bill, the builder's being pretty generous with the £3k offer.
  • adonis10
    adonis10 Posts: 1,810 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Accept the 3k from the builder, sell the flat within 18 months, apply for refund of extra SDLT = 3k profit to put towards the house.
  • adonis10
    adonis10 Posts: 1,810 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Dan-Dan wrote: »
    Maybe this particular would be LL needs to investigate other ways of doing so

    Why so bitter towards someone trying to make their(presumably) already squeezed and heavily taxed income go a bit further? Perhaps he doesn't trust pensions, the stock market etc. so wants his extra cash in property.
  • Bluebirdman_of_Alcathays
    Bluebirdman_of_Alcathays Posts: 2,859 Forumite
    adonis10 wrote: »
    Why so bitter towards someone trying to make their(presumably) already squeezed and heavily taxed income go a bit further? Perhaps he doesn't trust pensions, the stock market etc. so wants his extra cash in property.
    This government has a mandate to squeeze people that own more than one property (I don't personally agree but such is life). Why be so precious when you encounter a member of the public that endorses this policy?
  • megaginge
    megaginge Posts: 363 Forumite
    Dan-Dan wrote: »
    Heart bleeds daily the stress these would be landlords are facing

    poor little lambs
    Bluebirdman_of_Alcathays wrote: »
    This government has a mandate to squeeze people that own more than one property (I don't personally agree but such is life). Why be so precious when you encounter a member of the public that endorses this policy?

    Saying "thems is the rules, get over it" and saying "Awwww diddums my heart bleeds" are quite different. Being straight to the point and seeming to take pleasure out of someone's plans failing are very different things.
    Hello There. :beer:
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