Originally posted by DimPrawn
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Question on stamp duty
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Originally posted by AtW View Post
Private Eye | Official Site - the UK's number one best-selling news and current affairs magazine, edited by Ian Hislop
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If you move house, you do NOT pay the additional 3% on the new place provided you never own both the old and new residential houses at the same. If you do own both residential properties for some overlapped period, you must pay the additional 3% but then you get a refund later.
https://www.gov.uk/government/consul...#policy-designOriginally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by OwlHoot View PostBut technically, isn't that a change of ownership and thus itself subject to stamp duty?His heart is in the right place - shame we can't say the same about his brain...Comment
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Originally posted by DimPrawn View PostOh you mean a UK business, well yes, who in their right mind would setup a UK business to hold UK property?Comment
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Originally posted by AtW View PostOffshore companies have to pay annual fees now, in some cases £210k per year!
More here: https://www.theguardian.com/uk-news/...nership-secretHis heart is in the right place - shame we can't say the same about his brain...Comment
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Originally posted by Mordac View PostThat's on properties over £20m.
1. An annual charge of a minimum of £15,000 and a maximum of £140,000 depending on value. The new tax is called Annual Residential Property Tax (ARPT). "
How to escape the offshore property tax trap - Telegraph
At £20 mln the charge is particularly high.Comment
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Originally posted by AtW View Post" The main features of the proposed legislation will affect properties which are valued at more than £2 million and which are owned by “non-natural persons”. (This is a reference to foreign companies, partnerships, funds and the like, not to persons with strange personal habits.)
1. An annual charge of a minimum of £15,000 and a maximum of £140,000 depending on value. The new tax is called Annual Residential Property Tax (ARPT). "
How to escape the offshore property tax trap - Telegraph
At £20 mln the charge is particularly high.
Anyway, if your figures are correct it still won't apply unless OH has his eyes on something in the £2m+ bracket. Another reason to get expert advice, which I'm not sure is forthcoming on here.His heart is in the right place - shame we can't say the same about his brain...Comment
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Originally posted by Mordac View PostAnyway, if your figures are correct it still won't apply unless OH has his eyes on something in the £2m+ bracket. Another reason to get expert advice, which I'm not sure is forthcoming on here.Comment
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Originally posted by AtW View PostYes.
Actually , no let me check that as that seems ******* stupid, plus I applied for a mortgage in principle today forgetting all the other BTL houses I own.
Doogies post seems correct, but let me confirm.What happens in General, stays in General.You know what they say about assumptions!Comment
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