New electrical checks and safety standards for Landlords8:59 AM, 15th January 2020
About 2 weeks ago 169
I am in the process of buying a second property (eighth actually) and will be “Completing” prior to 1st April 2016.
I understood that this would mean avoiding the additional stamp duty tax BUT I was advised last night by a fellow landlord that NOT ONLY has a second property to be “Completed” by 1st April 2016 but it has to be ALSO on the land registry BY 4th April 2016.
Now I do not know if this information is factual or not , my solicitor has yet to receive guidelines on how the tax will operate and I can find no reference to the land registry bit anywhere on the Internet and the whole bill is still under consultation.
Land registry takes weeks if not months after “Completion” so if this is true any one trying to rush through a sale before 1st April 2016 may receive a shock at a later date.
Is there anyone out there that with any knowledge of this which I understand originates from a seminar on the Autumn announcement.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More