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mugged

Joined: 27/03/2009 Posts: 83
Message Posted: 25/05/2011 10:29 | Join or Login to Reply | Message 1 of 17 in Discussion |
| Can anyone advise on the transfer of title into a Law Firms Trust Fund until PTP is granted including the Tax liabilities? . |
Zoots

Joined: 05/02/2011 Posts: 669
Message Posted: 25/05/2011 11:12 | Join or Login to Reply | Message 2 of 17 in Discussion |
| I think the previous debate on this subject concluded the law firms could end up doing what they liked with the property. |
mugged

Joined: 27/03/2009 Posts: 83
Message Posted: 25/05/2011 15:22 | Join or Login to Reply | Message 3 of 17 in Discussion |
| can elko2 advise thanks? |
elko2


  Joined: 24/07/2007 Posts: 4400
Message Posted: 25/05/2011 15:38 | Join or Login to Reply | Message 4 of 17 in Discussion |
| Msg. 3 Simply I do not trust the Trust companies. Full Stop. ismet |
mugged

Joined: 27/03/2009 Posts: 83
Message Posted: 25/05/2011 17:33 | Join or Login to Reply | Message 6 of 17 in Discussion |
| Thanks walkerscott, elko2 , I'm going to give it a go as the builder has many court cases on the horizon and I'm trying to protect my investment before he goes bust , if I had my PTP I would steer well clear . |
suehowlittle

Joined: 31/10/2010 Posts: 1202
Message Posted: 26/05/2011 06:13 | Join or Login to Reply | Message 7 of 17 in Discussion |
| Can someone please tell me how you can transfer something into a trust fund which you do not, actually own until you have the Kocan. I am not skitting here, I am genuinely interested, I would consider the same route for similar reasons, just very doubtful that you could actually do it with something which still belongs to the builder in law. Elko? |
mugged

Joined: 27/03/2009 Posts: 83
Message Posted: 26/05/2011 10:39 | Join or Login to Reply | Message 8 of 17 in Discussion |
| Suehowlittle ,The point is the Kocan is available for transfer to my name , PTP is the problem, I will give an update if all goes well . Is there a member already using this option ? . |
madethemove

Joined: 19/05/2009 Posts: 24
Message Posted: 26/05/2011 13:51 | Join or Login to Reply | Message 9 of 17 in Discussion |
| You could get a memorandum and lift it when you get ptp, at least you protect your investment stopping mortgages etc. |
mugged

Joined: 27/03/2009 Posts: 83
Message Posted: 26/05/2011 14:00 | Join or Login to Reply | Message 10 of 17 in Discussion |
| madethemove , I have thought about this , do you need to win judgement in court to get a memorandum ? |
skurry

Joined: 04/02/2009 Posts: 81
Message Posted: 26/05/2011 15:57 | Join or Login to Reply | Message 11 of 17 in Discussion |
| IS IT POSSIBLE TO PUT A "CHARGE" ON THE PROPERTY SAY THE AMOUNT OF MONEY YOU CAN PROVE YOU HAVE SPENT OR COST YOU TO STOP ANY OR FURTHER CHARGES A BANK OR BUILDER MIGHT PUT ON IT. I AM ONLY PUTTING THIS FORWARD AS A GUESS ? BUT COULD IT WORK ?????????? |
mugged

Joined: 27/03/2009 Posts: 83
Message Posted: 26/05/2011 17:04 | Join or Login to Reply | Message 12 of 17 in Discussion |
| just been advised of fees to transfer 5% vat of contract price 6% transfer fee £1000 legal fees if / when PTP ( back to me ) 5% vat of contract price ( again ) 3% transfer fee ( 50% again ) £400 legal fees somthing must be wrong , not charging me stamp duty again ? I'll just have to wait for the builder / developer / lawyer to ask for ( guess who ? ) CGT @ 6.25% Now you know how I got my user name , (MUG) was not acepted . |
gillken

Joined: 25/05/2008 Posts: 521
Message Posted: 26/05/2011 20:20 | Join or Login to Reply | Message 13 of 17 in Discussion |
| Do not trust anyone. |
No1Doyen

 Joined: 04/07/2008 Posts: 16617
Message Posted: 26/05/2011 20:37 | Join or Login to Reply | Message 14 of 17 in Discussion |
| Be careful who you put your trust in. As Ismet said these trusts are not to be trusted. Trust no one. Trust me. |
mugged

Joined: 27/03/2009 Posts: 83
Message Posted: 26/05/2011 22:16 | Join or Login to Reply | Message 15 of 17 in Discussion |
| ok I give in , who wants a cheap villa , Kocan is ready , any TC want it ? . |
No1Doyen

 Joined: 04/07/2008 Posts: 16617
Message Posted: 26/05/2011 22:38 | Join or Login to Reply | Message 17 of 17 in Discussion |
| The only person you can trust here is Ismet. |
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