Shaz goes into what makes a property uninhabitable and discusses Stamp Duty Land Tax levels connected to linked transactions

He challenges his live audience to come up with some of the answers and explains in detail why an answer is correct or otherwise. This is another episode with great practical information for those involved with property

 

KEY TAKEAWAYS

• SDLT goes up in different stages and layers, the higher you go the bigger the percentage
• Linked transactions mean you will pay more SDLT
• If a property doesn’t have a kitchen it's uninhabitable and not mortgageable
• A property not having a kitchen doesn’t make it uninhabitable for SDLT purposes
• The threshold for SDLT is higher than the threshold for mortgage companies
• If the roof is missing, there is asbestos or the pipework is all disconnected a property is likely to be judged uninhabitable
• If you can demonstrate a property is uninhabitable you can be eligible to pay non-residential SDLT rates

 

BEST MOMENTS

‘If you don’t claim in the first 12 months, it’s a lot harder’

 ‘It’s usually a combination of issues that makes a property uninhabitable’

 

VALUABLE RESOURCES

[email protected]

 

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:

•   Facebook

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  YouTube.