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The Property Podcast

ASK183: Can we claim our 3% stamp duty back? PLUS: Why is the rent on this auction property so low?

The Property Podcast

Rob Bence & Rob Dix

Business News, News, Business, Education, Investing

4.82K Ratings

🗓️ 23 April 2019

⏱️ 8 minutes

🧾️ Download transcript

Summary

And we’re back… welcome to another episode of Ask Rob & Rob. First up this week we have Matt from Birmingham. Matt has read an article about a couple managing to avoid paying the 3% stamp duty on a derelict building they’ve purchased. Naturally Matt is wondering if there is any evidence on landlords now being able to claim back the 3%. Rob D is familiar with this story and is aware of the court battle between this couple and HMRC, so listen as he delves into some of the facts. But before you start to swamp HMRC with claim-back requests, listen carefully at some of the pointers and areas of uncertainty. A very interesting one to keep an eye on. Our second question is from Aseeb who wants some tips on auction property. He’s seen a potential investment property where there’s a regulated tenancy in place, but the rent is half the expected amount on a property of this size and type in the area. Listen as Rob D talks us through what a regulated tenancy is and what makes it so unusual - and why a Section 21 notice wouldn’t be any help at all. Another very interesting question this week, so hit play and have a listen. Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply). Or if you prefer, click here to leave a recording via your computer instead. The next question on Ask Rob & Rob could be yours. Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself. See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Rob and I'm Rob, and this is Ask Rob and Rob.

0:06.0

Thank you for joining us on Ask Rob and Rob, the show that's a stable and reliable part of your week.

0:14.0

Whatever else is going on in the world, you'll know that you can turn up here on a Tuesday.

0:17.2

You'll hear two people asking questions and two other people, that's us too, giving answers.

0:22.2

But here's how you could shake things up a bit.

0:23.7

What if you are one of the people asking the questions? Well, it's really, really easy to live that dream.

0:29.2

Yeah, you've got two options. You can call in on 013 808

0:34.0

00035 that's 013 808 triple 035

0:38.0

or head along to our website

0:40.0

Property hub dot net

0:42.0

forward slash ask that's property hub dot net Property Hub. Dotnet. Dotnet. Forward slash Ask.

0:44.0

Just get your question in and we'll get answering.

0:49.0

Well, one person who's done exactly that is Matt.

0:51.0

Let's have a listen to Matt's question.

0:54.0

Hi Rob and Rob, it's Matt calling from Birmingham.

0:57.3

Thank you for all you do, great podcast. I saw a story on Landlord today about a couple that had managed to avoid paying the additional

1:07.0

3% stamp duty on a derelict building that they purchased. The article was talking about

1:14.0

HMRC could potentially be flooded with stamp duty search out of refund requests.

1:21.0

So I was really keen to see if you guys are doing any digging on this and if

1:25.1

you think there was any further evidence that landlords could potentially in

1:29.1

future claim back that 3%. Great work. Love to hear your answer. Hopefully hear it on the podcast soon.

1:35.0

Great question, Matt. Thank you for that one.

...

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