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ridic (sorry if repost)
https://twitter.com/hotdoorknobs/status/809927964674719744 -
http://www.bbc.co.uk/news/health-38761461
- Locked-in syndrome man able to communicate for the first time through wonders of science
- Daughter asks for his blessing to get married
- He says 'no' 8 times
- Ignores him and does it anyway
:/
- Locked-in syndrome man able to communicate for the first time through wonders of science
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Yeah, depends if you're OK with potentially losing money on the flat you're renting out month to month and waiting for it to go up in value. I think for a lot of people it's not worth the hassle of dealing with tenants. Calculator here anyway: http://www.telegraph.co.uk/property/buy/buy-to-let-calculator-how-will-new-tax-reduce-your-profit/ (apols for Telegraph link)
The new place would need to be solely in your partner's name to avoid the 3% (and you can't be married/in a civil partnership), which means you probably couldn't be on the mortgage either.
Possibility could be to buy the new place but make sure you sell the old place within 3 years, and you'd get a refund on the 3%.
Anyway, #internetadvice YMMV IANAL etc - more info here http://www.zoopla.co.uk/discover/buying/q-a-new-3-stamp-duty-surcharges/#LEDKFURBZ1cmuvV9.97
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Worth noting that new tax rules mean you won't be able to claim mortgage interest as an expense against the rental income (gradually starting from next year) so you might end up paying out more than you're getting in rent, depending on how big the mortgage is.
Also as mentioned up in the thread somewhere, if you buy a new place without selling the old one, 3% additional stamp duty is payable on the new place.
= govt trying to stop ppl doing it...
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That would be so much fun. Planning something similar (but not for a year or two)