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KyleR

Regional Event Organiser
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Posts posted by KyleR

  1. Having looked into this, I would say that it's something that's not actually been tested in the courts yet as the wording of the law is unclear. Is it the value of the share in the first property, or the value of the whole property? How brave do you feel like being with the courts?

     

    My reading, and I would strongly suspect the courts would see it the same way given the intention of the law, is that you would be liable for the extra SDLT as the first property is worth more than £40K. That would make sense, and this guy appears to agree with me. That said, I would simply speak to the solicitor you would be using and ask them: If they say yes then fine, and if they say no then you can simply sue them for the amount if they're wrong. ;)

     

    Had a read through some of that and came across this, which seems to be on my side, however isn't worded as a share value -

     

    "Condition C - the purchaser owns an interest in another dwelling which has a market value of £40,000 or more and is not subject to a lease which has more than 21 years to run at the date of purchase of the new dwelling"

     

    This part is however worded as a share value, however it's talking about it being worth more than £40k -

     

    "If an individual is a joint owner of another dwelling then they may meet Condition C if the interest in land is a major interest not subject to a lease longer than 21 years and the interest that they hold is worth more than £40,000."

  2. This is the quote from Zoopla.

     

    "Even if you already own just a share in another property, it will count so long the share is worth £40,000 or more"

     

    This suggests I don't. But as I said, I need more than a single source to confirm. The calculators etc aren't relevant because they assume you own 100% of your other property.

  3. Having a bit of trouble finding the correct answer online. I've only read my scenario in a single place and really need multiple sources to confirm, or of course a solicitor or the likes who knows this stuff.

     

    Stamp duty has changed in the past 2 years so that you pay SD on 100% of the purchase price at 3% plus the original 2% over £125k on second properties, unless of course that property is valued at under £40k.

     

    My scenario becomes slightly different whereby the current share I own in a property is under £40k, (25% of a c£100k home) so it is unclear if I would have to pay the higher rate of SD on the house I am looking to purchase.

     

    What I read on Zoopla seemed to suggest that I don't, however I need more confirmation than a single source.

  4. Also interested, mines not a DE would it still fit ?

     

    Also a mines a UK 2004 not JDM, if price includes postage I'll take it í ½Ã­Â¸ÂŠ

     

     

    Sent from my iPhone using Tapatalk

     

    Yours is a DE :)

     

    Hahha well what do I know, hey! ☺ï¸

     

    How many 2004 models are there ? I thought it was just GT spec and non GT in the UK didn't think DE and HR models came in until later on

     

     

    Sent from my iPhone using Tapatalk

     

    DE and HR are the engine types, GT is a trim level.

  5. I'm pretty sure they were only an option for a year.

     

    After a quick look on Autotrader at HR's, it appears about 20% of cars at the time were specced with Alezan (9 of 48) and there are none with frost leather for sale on there at the moment, but at a guess I'd say about 10% of those who specced the optional leather picked frost. That leaves us with a 9-1 ratio of alezan to frost and a total HR frost combo at about 2%.

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  6. People fit both cold air induction and short ram intakes for one of two reason, either aesthetics or noise. Don't worry too much about the heat soak issue, it's really a non issue unless your queuing up for a drag race on the strip, you'll notice no difference daily driving and there will be no difference when driving enthusiastically.

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