Stamp duty cut from today

blueroyals

Mitch_S wrote: »

Advise please! we completed on the 17th. I spoke to our conveyancer late today after noticing a 30 day deadline for completing the SDLT form. She advised me that they usually take 10-15 days to process and pay these from completion but as a company they are unsure what policy they are adopting in this situation. Now my question is if they have not paid and completed this form/payment is it still due? Anyone else in a similar position?

Your stamp duty liability is incurred at completion. The 30 day window for payment is irrelevant in this scenario.

blueroyals

dfbefore30 wrote: »

I know no one has a crystal ball, but how long do you think this is likely to last? Only I'm planning to buy in June. If it gets reversed at the next budget I might cry

The next budget is not until Autumn 2018. The change to schedule was announced last year.

hatzbarts

The cap at 500k is a bit gutting. Doesnt go a long way to helping out the first time buyers in London, not very much on the market below that in the areas we're buying, and thats zone 6!

michaelm67

Quick question, I think I know the answer. We have exchanged on a new build and waiting to complete (couple of weeks away). The builder agreed to pay the solicitor fees and stamp duty. Is there any chance we could go back to the builder and get some money off something else? I’m guessing no as we have exchanged contracts?
Thanks

HardSpend

jasond999 wrote: »

I have a question. We are in the process of buying a house. My wife is a first time buyer but I am not. Does this still apply?

it's only for first time buyers and you're married so pay up or perhaps consider divorce and get married after your ex-wife has purchased the house in her name?:D

00ec25

hatzbarts wrote: »

The cap at 500k is a bit gutting. Doesnt go a long way to helping out the first time buyers in London, not very much on the market below that in the areas we're buying, and thats zone 6!

sorry but no sympathy at all. If you can afford 500k then you can afford "a bit" of tax FTB or not.

a 500k property is way beyond most people's dreams, let alone reality.

Stacey223355

We have exchanged contracts but aren't due to complete until 8th Dec 2017. Can we get the stamp duty taken off? House is £280,000

sulphate

I think it's a great idea, too late for us now but house prices have risen! Stamp duty is a real barrier to people trying to get on the housing ladder.

p00hsticks

Stacey223355 wrote: »

We have exchanged contracts but aren't due to complete until 8th Dec 2017. Can we get the stamp duty taken off? House is £280,000

If you are first time buyers then there won't be any stamp duty to pay.

Not sure what you mean by getting it 'taken off' ?

AnotherJoe

p00hsticks wrote: »

If you are first time buyers then there won't be any stamp duty to pay.

Not sure what you mean by getting it 'taken off' ?

They mean theyve passed the SDLT money over to their solicitor.

Since it wont apply, it will be returned when the solicitor does the sums at completion, though i think it would be reasonable to ask for it back now.