Terrible time with council tenant and shock at how law treats landlords15:32 PM, 9th January 2019
About A week ago 40
8:46 AM, 14th January 2016
About 3 years ago
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.
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