Building with uplift clauses question.

Bossypants

^ Okay so you want your family's snout in the trough, rather than just your own. Same difference.

Not that there's anything wrong with that, most people want the best they can get for themselves and their loved ones, but acting like everyone else is a greedy pig while you're a saint is a bit, well, silly. If you had a plot of land which you might be able to make an extra chunk of money off down the road, which you could give to your son to help his growing family, wouldn't you take it?

AdrianC

Mgman1965 wrote: »

I don't want to profit from development as you call it, I want to give my son and his OH a lift up on the property ladder

Can't you do that by just giving them some money?


No, because the "lift up" you want to give them is through the addition of value to the plot you're trying to buy...

and to live where they want to.

Do they really want to live in your garden?

paddy's_mum

Mgman1965 wrote: »

I don't want to profit from development

I want to give my son ... a lift up on the property ladder

I suspect the OP is being too concise on his use of the term profit to mean only money, hard cash, pounds in the bank.

However, the term 'advantage' fits exactly.

I'd also suggest that many things come under the heading of gain or gift hence the concept of paying tax on company cars, mates rates, perks or payment in kind.

But then, according to some sentences in this thread, everyone who gains a benefit of some sort has their "snout in the trough".

Mgman1965

Well all I can say is I'm amazed and impressed that none of you have ever bought anything and sold it for a profit, and if you have, you've given the previous owner some money back.

And if we all had this attitude to development nothing would ever be built again.

If no-one could buy and sell to make a profit, no-one would bother buying and no new houses would be built.

This attitude that you shouldn't be to profit is very communistic and we know how well that works.

martinthebandit

I don't think anyone was saying no one should make a profit, rather it appears to be you that's saying 'no one should make a profit but me'

getmore4less

You missed the point.

No one is stopping profit, the clauses are sharing the profit

There will be plenty of property that are suitable for development with the land value already included.

What the up list clauses do is allow you to delay payment and the cost of supplying that money up front.

They benefit your plans.

G_M

I'm afraid you brought this discussion on the rights and wrongs of the profit motive on yourself when you wrote upfront:

If the development (new house) on the plot is not built to be sold, would that still trigger the uplift payment to the (I consider greedy) previous owner ?

If you had omitted the 3 words in brackets, the discussion would have focussed soley on the legalities involved, not the morals.

theartfullodger

Mgman1965 wrote: »

...................... We then "sell" him the garden plot at a "reasonable" price, or ..............................................................


...




.....


....


Me and OH are only in our early 50's so no worries about Deprivation of assets or such like, so no tax scams or such intended.

Really? If so, why the

"sell" him the garden plot at a "reasonable" price...

Sounds deeply suspicious to me, why on earth would you put those words in quotes....

Mgman1965

theartfullodger wrote: »

Really? If so, why the Sounds deeply suspicious to me, why on earth would you put those words in quotes....

Because we would sell him the land on which his house is built at a reasonable price as we don't see why we should give it to him and neither do we want as some seem to think, want our "snouts in the trough" to make a fat profit out of him for it.


what could be suspicious about that ????

Mgman1965

G_M wrote: »

I'm afraid you brought this discussion on the rights and wrongs of the profit motive on yourself when you wrote upfront:


If you had omitted the 3 words in brackets, the discussion would have focussed soley on the legalities involved, not the morals.

I take your point, by expressing my own personal view it has derailed the thread totally.


Could a mod therefore please close it.