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Started by kevupnorth, 28-01-2015, 23:36 PM
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Last Post Gordon999  
Started by Paolox, 27-01-2015, 11:34 AM
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by Paolox
 
Started by HP mum, 20-01-2015, 12:08 PM
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by HP mum
 
Started by xuloChavez, 27-01-2015, 12:15 PM
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Started by AnOutrage, 26-01-2015, 11:15 AM
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Started by Canada12, 26-01-2015, 10:47 AM
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Started by Never what it seems, 26-01-2015, 11:50 AM
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by Mrs Mug
 
Started by Freda, 25-01-2015, 21:14 PM
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Started by bbva, 25-01-2015, 18:35 PM
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Started by Tony-te, 24-01-2015, 22:07 PM
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  • SDLT on garage & flat above
    HP mum
    Am looking at buying a garage that has unmodernised but potential living quarters above it.

    Would this FH purchase be classed as residential or non residential for SDLT purposes?

    When I looked at the Govt site for working out SDLT it showed 2 options:
    residential with...
    23-02-2018, 18:16 PM
  • Reply to SDLT on garage & flat above
    HP mum
    Thank you. Garage below and flat above - but very un-modernised so no one can live in it until renovated... So it seems from your advice that it is mixed use; lower SDLT rates.
    Just out of interest, if there was no kitchen or bathroom in the 'residential' part but the space is definitely for residential...
    25-02-2018, 01:28 AM
  • Tax bill 2016
    willia211
    Hello and please excuse my ignorance as im brand new to self assessment. To cut a long story short i have clearly made a mistake in my self assessment or at least i think i have. For the tax year ending 2016 i have received a bill for £1763.94 due to the tax man finding errors in my return, Basically...
    02-02-2018, 18:40 PM
  • Reply to Tax bill 2016
    willia211
    in a nutshell its sorted i obtain the student loan breakdown for that year, forwarded it to hmrc and they were satisfied. so my tax bill is only 245 quid which has been paid. I have instructed an accountant for next year at a cost of 200....
    24-02-2018, 16:51 PM
  • Reply to SDLT on garage & flat above
    Nigel Nicholson
    If you proceed to buying it then your solicitor will advise you but at present you are not describing it as mixed use, you are saying it 'has potential living quarters' so I assume it is being sold as a garage. If the space above the garage has previously been used as living quarters (but in need of...
    24-02-2018, 10:50 AM
  • Putting my flat into joint names
    sue1946
    I have a small one bed flat purchased for £37,000 about 17 years ago. It has no mortgage and I have recently upgraded the lease to 99 years. The rental achieved currently is £600 pcm. Now my husband is retired we would like to put the flat into joint names so we can split the income between us. There...
    23-02-2018, 16:57 PM
  • Reply to Putting my flat into joint names
    Nigel Nicholson
    By the way, another way of doing this is a 'Deed of Trust' where you sign a deed that you are holding the property on trust for yourself and spouse, in whatever shares you nominate. If you want to be taxed any different than 50/50, then you would have to submit a Form 17. There are template DIY Deed...
    24-02-2018, 07:22 AM
  • Reply to SDLT on garage & flat above
    Gordon999
    You should expect to pay the sdlt rates for mixed-use property posted by hmrc in this link::

    https://www.gov.uk/stamp-duty-land-t...ixed-use-rates
    23-02-2018, 23:43 PM
  • Letting out flat, renting elsewhere
    aguero9320
    Hi all,

    Appreciate this one may be a regular question, but thought best to give a bit of context to our current position - in case it helps with any 'get around'.

    We own a small 1 bed flat (mortgaged) which we currently occupy and have up for sale (no biters yet).
    ...
    23-02-2018, 12:05 PM
  • Reply to Letting out flat, renting elsewhere
    jpkeates
    That wouldn't work.
    Income is income.

    If you're essentially "parking" the property because it won't sell, I'd go interest only.
    But it's your call.
    23-02-2018, 19:05 PM
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