Vinnys Ventures

[6feetdown]

I don't mean all extensions. There is very obviously a time and a place for extensions.
But we have a few projects at the moment that I cannot fathom any financial sense from. And can only come to the conclusion that there is a lot more money floating around than most of us give credit for.

Maybe if you take stamp duty location, solicitors etc people can't be bothered with moving even though maybe it makes more sense

 

[V8Druid]

If you own multiply properties the stamp duty is horrendous on moving lots think we paid £30k+ on a 600k house because we have a few renters as well that my wife used to live in 1. They would not class it as her primary dwelling even though it is! So you get hit with 2nd home tax etc.

Slightly smaller house 8 doors down from me just sold for £890k albeit detached.

you do have 3 years in which to reclaim the extra/over on the second home duty though Giles .. 'least you do in Wales, if you sell the non-primary/one you moved out of, in that time--stuffed if you don't though
Vicki's 'move' cost me nigh on £14k on top of the std £6k, which I sincerely hope I will get back, when her old place sells, within the 3 years. All the neighbours around it can not believe it hasn't sold yet - 's a cheap enough hutch with a new £6k boiler and a new £20k conservatory in a nice quiet spot ...

 

[Vinpetrol]

This isn't even commercial jobs. Just people putting extensions on their own properties as a very expensive and long winded route to gaining very little. Maybe I'm just very callous but all the expense to stay in the family home rather than sell and buy what you really want is beyond me.

Kirsty and phil have a lot to answer for

 

[V8Druid]

Kirsty and phil have a lot to answer for

ain't they just

 

[Giles]

you do have 3 years in which to reclaim the extra/over on the second home duty though Giles .. 'least you do in Wales, if you sell the non-primary/one you moved out of, in that time--stuffed if you don't though
Vicki's 'move' cost me nigh on £14k on top of the std £6k, which I sincerely hope I will get back, when her old place sells, within the 3 years. All the neighbours around it can not believe it hasn't sold yet - 's a cheap enough hutch with a new £6k boiler and a new £20k conservatory in a nice quiet spot ...

Yeah but we’ve kept it and it makes almost £15k in rent a year

 

[Furniss]

Your all nuts to live on the rammed expensive island .... its about quality of life not how much your assets are worth , cant take it all with you

 

[Quattromike]

Your all nuts to live on the rammed expensive island .... its about quality of life not how much your assets are worth , cant take it all with you

But you can leave it for your offspring

 

[Furniss]

But you can leave it for your offspring

Yeah but offspring should have the ability to afford to buy their own place if it wasnt so fooked up )

 

[V8Druid]

and HMRC/ Gov.'ll take a huge slice from them anyway ... and about to get a whole lot worse if the pundits're right

But you can leave it for your offspring