Stamp duty is a problem ,can I sell my seperated garage seperate or retain ownership to reduce Stamp Duty?
My house is on sale for £275.000, I have an offer at £250,000, I would take £260,000 but due to stamp duty threshold I do not think buyer will pay this, my brick built garage lockated in a communal garage area no tconnected to house I would think would be worth £10,000 can I sell this seperately or retain ownership and sell or rent later to avoid sell house ,without garage at £250,000? Regards Phil
Asked on Oct 23 2012, Selling in Maldon | Report content
Answers (2)
Sort by: Oldest | Recent | Highest rated
-
If your deeds include the garage, then there's two issues - you have to alter the deeds from one set to two, and this will cost you money. Also, if you have an offer on the house already, and the offer is on the basis of the house AND garage, aren't you likely to find that you no longer have a buyer if you take the garage out of the equation? The garage may be critical to their requirements....
Answered on Oct 23 2012, Report content -
You could potentially lose the buyer, I wouldn't recommend doing this considering the current market.
Answered on Oct 23 2012, Report content
Didn't find what you were looking for? Ask a question
More Selling in Maldon questions on AskMe
-
Asked on Jul 10 2012, Selling in Witham
2 answers - Answer this question -
Asked on Mar 9 2013, Selling in Chelmsford
1 answer - Answer this question -
How do I flirt my property on Zoopla
Asked on Sep 4 2012, Selling in Chelmsford
2 answers - Answer this question -
Has Tudor Cottage in High Street Bradwel On Sea been sold please?
Asked on Jan 26 2012, Selling in Southminster
1 answer - Answer this question -
What is the average amount of viewings before an offer?
Asked on Sep 5 2011, Selling in Maldon
2 answers - Answer this question