First time buyer land tax relief form

Luke451

Hi,

there is a common form to compile when declaring the land tax during the house purchase, solicitors don't provide consultations about that, so I wonder how it works.

I'm purchasing an house less than 250k in England, I satisfy all the requirements to avoid the Land Tax, but does this mean that I can claim relief (FTB relief)? Is this the relief they're talking about?

Or because I'm not subjected to that tax, I can't claim back anything and I need to declare that I don't/won't claim any relief?

SDLT_Geek

Luke451 said:

Hi,

there is a common form to compile when declaring the land tax during the house purchase,
Are you talking about a questionnaire your solicitors have designed and sent you for you to fill out so that they can find out some information about your circumstances.
solicitors don't provide consultations about that,
If it is their own form and you are not sure what it means then you should ask them.
so I wonder how it works.

I'm purchasing an house less than 250k in England, I satisfy all the requirements to avoid the Land Tax, but does this mean that I can claim relief (FTB relief)? Is this the relief they're talking about?
If the price is less than £250,000, there would be normally be no SDLT anyway.  Unless the higher rates for additional property apply the whole price is in the nil rate band.

Or because I'm not subjected to that tax, I can't claim back anything and I need to declare that I don't/won't claim any relief?
If you are below the threshold when tax starts there are no such complications.

I have made some notes above in bold.

sheramber

You donlt get anything off or back for  being a FTB.

What you get is not paying the land tax.

But since your property is under the value to pay any tax there is nothing to pay anyway.

EssexHebridean

Your solicitor would usually complete the SDLT submission for you. Although there is no tax to pay, the submission still has to be made, as without that you cannot obtain the SDLT5 which accompanies your registration.

user1977

Luke451 said:

there is a common form to compile when declaring the land tax during the house purchase, solicitors don't provide consultations about that, so I wonder how it works.

Are you saying you're in the middle of a purchase and your solicitor is refusing to give you any advice about the SDLT?

Luke451

EssexHebridean said:

Your solicitor would usually complete the SDLT submission for you. Although there is no tax to pay, the submission still has to be made, as without that you cannot obtain the SDLT5 which accompanies your registration.

If I don't sign it, then yes, he will automatically assume things, but the responsibility falls on me

Luke451

user1977 said:

Luke451 said:

there is a common form to compile when declaring the land tax during the house purchase, solicitors don't provide consultations about that, so I wonder how it works.

Are you saying you're in the middle of a purchase and your solicitor is refusing to give you any advice about the SDLT?

No, I just came here to ask.

user1977

Luke451 said:

user1977 said:

Luke451 said:

there is a common form to compile when declaring the land tax during the house purchase, solicitors don't provide consultations about that, so I wonder how it works.

Are you saying you're in the middle of a purchase and your solicitor is refusing to give you any advice about the SDLT?

No, I just came here to ask.

In which case I'm not sure what you mean by "solicitors don't provide consultations about that", as it's normal for them to draft the return following your instructions about your circumstances. It's simply part of the job of acting for you in your purchase.

Luke451

user1977 said:

Luke451 said:

user1977 said:

Luke451 said:

there is a common form to compile when declaring the land tax during the house purchase, solicitors don't provide consultations about that, so I wonder how it works.

Are you saying you're in the middle of a purchase and your solicitor is refusing to give you any advice about the SDLT?

No, I just came here to ask.

In which case I'm not sure what you mean by "solicitors don't provide consultations about that", as it's normal for them to draft the return following your instructions about your circumstances. It's simply part of the job of acting for you in your purchase.

My paper says that they are not responsible for it, neither they provide consultation on the same, which would make them liable at least for something I believe.

user1977

Luke451 said:

user1977 said:

Luke451 said:

user1977 said:

Luke451 said:

there is a common form to compile when declaring the land tax during the house purchase, solicitors don't provide consultations about that, so I wonder how it works.

Are you saying you're in the middle of a purchase and your solicitor is refusing to give you any advice about the SDLT?

No, I just came here to ask.

In which case I'm not sure what you mean by "solicitors don't provide consultations about that", as it's normal for them to draft the return following your instructions about your circumstances. It's simply part of the job of acting for you in your purchase.

My paper says that they are not responsible for it, neither they provide consultation on the same, which would make them liable at least for something I believe.

Ok, I'm now not sure what you mean by "my paper" if you're not currently buying anything - can you tell us what exactly you're looking at and what it says?

housebuyer143

Is this just the initial form to confirm to them you are a FTB? 
If so, just tick that you are and the solicitor does the rest. They don't know you are a FTB if you don't tell them.