Tiggs

i am buying a house, for tax reasons i am buying the fittings seperate but the total of their value is less than it needs to be- the seller has priced the conservatory blinds at £350 for 10 window blinds and £340 for 7 ceiling blinds (its a 10 x 9 room)

i allways thought blinds cost LOADS, is it possible to do a room for under £800?

i appreciate it may be poss to spend vast sums, i need to know if it could be done for that sort of money at all or if that is an undervalutaion.

if that makes sense

Tiggs

carl

No idea, but what are the 'tax reasons'? (Also buying a house soon and interested in giving as little money to the govt as poss.)

Gordo

have a look at www.web-blinds.com

you're right, sounds too cheap to me. I'm guessing you're trying to push the value of the house below the stamp duty point (i.e. below £250k?)

Gordo

chuckster

Trying to sneak it in below £250k for the stamp duty sting?
C

Gordo

what a quality hidden socialist tax

G

Tiggs

yep my purchase price is £260 but i have a list from the seller of £8600 of fix and fits so if i can get the list up to £10k then i pay 1% not 3% = £5 GRAND SAVE!!!!

thats like a whole lot of money!

carl

All forms of stamp duty **** me off anyway. I mean, there's no MIRAS any more so the money you buy it with has been taxed anyway. If you've earnt it, it's been income taxed and NI'd. If you've inherited it, it's been inheritance taxed. [img]images/smilies/mad.gif[/img]

carl

Edited -- I looked it up on the inland revenue web site.
1% for 60k-250k
3% for 250k-500k
Something else thereafter.

[Edited by carl - 3/6/2002 11:12:23 AM]

Seamus300

Hey Tiggs,

Just paid an 8.9K Stamp duty bill (what is this for? all that money for absolutely f**k all, I think it's 5% over 500K) so anything I can do to help you! My friend just had his 4mx4m conservatory done and the total cost was just over 3K.

You've probably thought of this but garden fittings are a good way, sheds etc. Also lawnmowers and the like..

[Edited by Seamus300 - 3/6/2002 1:11:46 PM]