Question Help with Land Building Transition Tax & Dwelling Supplement advice
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Hi folks,
Just looking for any advice on the above. Im having a bit of a nightmare just now. I own a property in Edinburgh. Have done for 10 years. I moved up to Fort William with work and have decided to buy a house up there.
The house Im looking to buy is £210k and Im being told that Ive to pay the above taxes which in total with the solicitors fees are coming to £10k extra on top of my deposit!!
So my question is does anyone gave any advice on how to avoid this tax??? I personally think its unfair that because I put my money into my flat at a youngish age rather than pissing it against a wall Im being restricted in moving on.
Any advice anyone can give would be welcome.
Thanks in advance.
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Just looking for any advice on the above. Im having a bit of a nightmare just now. I own a property in Edinburgh. Have done for 10 years. I moved up to Fort William with work and have decided to buy a house up there.
The house Im looking to buy is £210k and Im being told that Ive to pay the above taxes which in total with the solicitors fees are coming to £10k extra on top of my deposit!!
So my question is does anyone gave any advice on how to avoid this tax??? I personally think its unfair that because I put my money into my flat at a youngish age rather than pissing it against a wall Im being restricted in moving on.
Any advice anyone can give would be welcome.
Thanks in advance.
Sent from my iPhone using Tapatalk