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TTM

Member since Apr 2010 • Last active Aug 2022

Most recent activity

  • in Miscellaneous and Meaningless
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    I’m enquiring, but don’t believe so.

    Having read all of the HMRC docs relating to this, it seems having separate council tax isn’t given much weight.

    The more I read, the more I feel this property ticks all of the boxes required. The thing that makes me hesitant is I’m not sure what the financial penalties would be if HMRC decide we are wrong at some point. I’m happy to just leave that money in a savings account in case they come knocking, but not if they’re gonna also charge 100’s in interest too. And I want to know how long until they have to make a decision. More reading to do.

  • in Miscellaneous and Meaningless
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    It is an area where there are loads of spurious claims and "reclaim agents" helping people to ask for sdlt back if they didn't claim mdr but could have done.

    How much non-residential will the property have and what is it?

    I think HMRC are looking at it but I'd be surprised if any change is retrospective

    So I’ve heard. If we decide to do it, we wouldn’t be applying retrospectively and there’s no agents involved. It’s simply that our conveyancing solicitor dealing with our purchase raised the point that it appears to qualify and is asking if we want to apply the relief when paying the SDLT on completion.

    The house is a Victorian semi which the previous owners extended to create a ground floor kitchen and a first floor annexe/granny flat. That annexe comprises a separate entrance from the drive, a kitchen, living room, bedroom, bathroom and conservatory (see floorplan). It’s completely self contained with its own gas boiler and electrics, but not sure about water supply. There is also access from the main house, but only via a door that’s lockable. So it seems to meet all of HMRC’s criteria for a separate dwelling I can find online. However no one is willing or able to give a definitive “yes, it qualifies “ when asked and as it’s a self assessment tax the responsibility is totally on us. What I don’t want is to apply it and then HMRC to then disagree at some point down the line and demand the money plus interest.

    We could pay a SDLT expert to advise, but the cost of that is about 20% of what we’d save, so a sizeable chunk and no guarantee even if they said yes that HMRC wouldn’t disagree anyway.

    What I want is a service from HMRC to allow me to proactively check if we qualify and for them to either give us a straight yes or no. But of course they won’t do that.

    Edit - ignore the red border on attached floorplan, it’s left over from something else.

  • in Miscellaneous and Meaningless
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    Does anyone have experience of applying SDLT Multi Dwelling Relief?

    We’ve been told by our solicitor our purchase should qualify, but everything I’m reading is giving me the fear that at some point in the future HMRC will decide they don’t agree and demand it back.

  • in Miscellaneous and Meaningless
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    Congrats, Hither Green is lovely. It’s where we are now and may continue to be if our purchase falls through.

  • in Miscellaneous and Meaningless
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    So, the house we’re trying to buy that was beginning to look like it might be a goer with exchange being about a week away is now looking fifty fifty at best due to a completely foreseeable power of attorney problem. I could scream

    Edit - fried brain swapped purchase with sale

  • in Complete bikes and frame & forks
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    Not sure how I missed this. I've got that Friday feeling, a perfect end to the working week.

  • in Rides & Races
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    They start live at 1pm

  • in Rides & Races
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    I’ll try to write some more when work eases a bit, but for now will echo Dan’s sentiments. Wales is both glorious and leg breaking in equal measure. It was a fantastic day out and a huge thanks for organising it.

  • in Miscellaneous and Meaningless
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    Yep, that’s my current thinking. Thanks

  • in Miscellaneous and Meaningless
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    Thanks for this and good spot on the wall work.

    I agree, if the survey had flagged issues I’d be concerned and would be more inclined to swallow the cost. I’ll ask about the wall and check that there are no issues with building insurance too.

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