LBTT Scotland

comeandgo

HSPC is the Highland Solicitors Property Centre and the OP is using AsPC, Aberdeen Solicitors Property Centre. If someone is purchasing a property in Scotland, they need a solicitor so the solicitor would advise to use the local area SPC.

Crashy_Time

LdnFtB wrote: »

Er, because you're hoarding a scare resource? Shelter isn't discretionary expenditure and extra housing supply takes years to bring into the system.

Likelihood is that these homeless people (and this figure includes people in temporary accommodation) are costing local and government money to look after. It only seems fair to me that people who contribute to the lack of housing supply by hoarding more than they need (and aren't even utilising it by letting it out) should also contribute to the costs of solving the problem.

Chances are that in Cruden Bay there isn`t a massive housing shortage though?

WildBill78

Thanks for all the replies, I have tried FP before and offers around! The house is on ASPC, Im not aware of those other sites or whether my EA can use them....will ask.


I still think there has to be some room for movement on the 18 months though.....its partly the goverments fault that this area is suffering, which is causing these problems!


Also by me having to reduce and reduce the price....there is only so far I can stomach and also financially take and to that degree will probably end up renting the property. Which when you think about it, exactly what this tax is designed to avoid happening is probably going to be forced upon me!


Oh... and the wallpaper is not my fault!! But I agree! That said if I was buying a house, wallpaper certainly wouldn't put me off!

Crashy_Time

WildBill78 wrote: »

Thanks for all the replies, I have tried FP before and offers around! The house is on ASPC, Im not aware of those other sites or whether my EA can use them....will ask.


I still think there has to be some room for movement on the 18 months though.....its partly the goverments fault that this area is suffering, which is causing these problems!


Also by me having to reduce and reduce the price....there is only so far I can stomach and also financially take and to that degree will probably end up renting the property. Which when you think about it, exactly what this tax is designed to avoid happening is probably going to be forced upon me!


Oh... and the wallpaper is not my fault!! But I agree! That said if I was buying a house, wallpaper certainly wouldn't put me off!

The problems are caused by blinkered local authorities and public in Aberdeenshire thinking that oil was a one way bet, and putting all their eggs in this basket, the NE of Scotland should have had a back up plan for when the oil dried up so to speak. The tax isn`t designed to avoid anything IMO, just to give the government a slice of a captive market, property owners, they don`t care if you price someone out (well they didn`t up until recent election results) just that they know where to find you for tax purposes. Not so many moons ago a house like this would have been 60 or 70k, so you will have to drop the price to a level that gets people interested enough to turn up and view it?

WildBill78

Crashy_Time wrote: »

The problems are caused by blinkered local authorities and public in Aberdeenshire thinking that oil was a one way bet, and putting all their eggs in this basket, the NE of Scotland should have had a back up plan for when the oil dried up so to speak. The tax isn`t designed to avoid anything IMO, just to give the government a slice of a captive market, property owners, they don`t care if you price someone out (well they didn`t up until recent election results) just that they know where to find you for tax purposes. Not so many moons ago a house like this would have been 60 or 70k, so you will have to drop the price to a level that gets people interested enough to turn up and view it?

Im not going to get into an argument about who squandered oil money...too late for that!! The tax is designed to discourage people owning extra homes at the lower end of the scale, and hence improve first time buyers chances of getting on the ladder.....the government has said so themselves.


Whats actually going to happen in my case if it doesn't sell by October is I will probably just leave it lying empty because to be honest renting is a pain in the !!! and a lot of money to start up! It will either sell eventually or my daughter can have it! If however there was an extension to the 18 months then these plans would change!


So here we will have an empty house whilst the first time buyers still struggle!

Thrugelmir

WildBill78 wrote: »

Also by me having to reduce and reduce the price....there is only so far I can stomach and also financially take and to that degree will probably end up renting the property.

Does that actually solve your problem. Or simply create another set.

Crashy_Time

WildBill78 wrote: »

Im not going to get into an argument about who squandered oil money...too late for that!! The tax is designed to discourage people owning extra homes at the lower end of the scale, and hence improve first time buyers chances of getting on the ladder.....the government has said so themselves.


Whats actually going to happen in my case if it doesn't sell by October is I will probably just leave it lying empty because to be honest renting is a pain in the !!! and a lot of money to start up! It will either sell eventually or my daughter can have it! If however there was an extension to the 18 months then these plans would change!


So here we will have an empty house whilst the first time buyers still struggle!

Even with an extension you will still have to drop the price to sell, renting out to people will still be a PITA, and you will still have to find tenants in a now economically depressed area? Every 18 months or so it is empty is a similar amount of up-keep to the tax hit as well?

comeandgo

If you are looking ng at renting it out, useone of the management companies in Aberdeen. My son in law does, he has nothing to do with anything, they deal with it all for a percentage.

resk

Crashy_Time wrote: »

Even with an extension you will still have to drop the price to sell, renting out to people will still be a PITA, and you will still have to find tenants in a now economically depressed area?

I suppose if the OP is being optimistic he's thinking that, should the law be amended to align Scotland with the rUK (ie. 18 months becomes 36 months), between now and April 2019 the situation in NE Scotland will have recovered sufficiently that someone will be willing to pay 165K (or more) for the house. After all, you only need one buyer.

Of course, prices in the area could continue to drop in that period... nobody knows!

Pixie5740

On the brightside if you upsized from your Cruden Bay house then due to the reduced demand for housing in the North East and therefore lower prices you probably paid less for the new house than you would have done when oil was $100/bbl. Therefore even if you have to drop the price of the Cruden Bay house further your net position is probably quite good.

A colleague of mine was in a similar situation to you trying to sell a house not a million miles away in Stuartfield in order to reclaim the ADS and she managed it within the 18 month timescale. So it can done.

My colleague sold to someone already living in the area. That's probably the kind of person who would buy your house. If demand for buying in Cruden Bay isn't high I can't imagine demand for rental properties is either.

Cracking beach though.