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Stamp duty incentive on new build
Comments
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is this a reasonable explanation of what should happen?
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Yes, that's what ought to happen if the contract's been drafted properly.aidan_ainsley said:is this a reasonable explanation of what should happen?0 -
Say the solicitor fees were only £1,500, what would then happen to the extra £1000 i wonder?aidan_ainsley said:is this a reasonable explanation of what should happen? 0 -
Just checked my contract, there is no mention of “stamp duty incentive”, it just states “incentive value of £XXX”, which will be deducted from the gross price.I’m no legal expert, but because we have exchanged contracts already I believe the incentive value should remain unchanged, regardless of the government announcement yesterday. Anyone with any legal understanding agree/disagree? Remaining hopeful!! Thank you!! 🙏🏻0
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I agree. You are fine.j_s2020 said:Just checked my contract, there is no mention of “stamp duty incentive”, it just states “incentive value of £XXX”, which will be deducted from the gross price.I’m no legal expert, but because we have exchanged contracts already I believe the incentive value should remain unchanged, regardless of the government announcement yesterday. Anyone with any legal understanding agree/disagree? Remaining hopeful!! Thank you!! 🙏🏻1 -
It goes back to the buyer. It's their money.heanier said:
Say the solicitor fees were only £1,500, what would then happen to the extra £1000 i wonder?aidan_ainsley said:is this a reasonable explanation of what should happen?
But in practice it doesn't "go" anywhere as it will just be discounted from the purchase price.0
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