Linked Transactions And is it Habitable
Episode description
Shaz answers questions on what linked transactions are and discusses with his live audience what makes a property habitable and uninhabitable for the purposes of mortgages and the threshold for stamp duty land tax
Listen in and hear great information and advice that will help you with when SDLT is applicable and when a linked transaction can be beneficial
KEY TAKEAWAYS
- Linked transactions are part of the same arrangement
- With a linked transaction you may end up paying more SDLT
- When there is no kitchen mortgage lenders will deem it uninhabitable
- The threshold for uninhabitable is different for SDLT, not having a kitchen does not alone make it uninhabitable
- A lack of roof, asbestos and no pipework are issues that make a property uninhabitable
- If it’s uninhabitable you will pay less SDLT
BEST MOMENTS
‘The threshold for SDLT is higher than the one for mortgages’
‘He ended up paying £90,000 instead of £221,000 in SDLT’
VALUABLE RESOURCES
ABOUT THE HOST
Shaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
Shaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
He is a huge advocate of having multiple streams of
income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
You can find Shaz on: