Property owning update - whats to pay now?

li n lee


Joined: 09/10/2007
Posts: 144

Message Posted:
15/01/2009 23:35

Dont want to repeat all the postings. BUT owned a property outright for 2 years, happy with builder. Had solicitor letter to say all ready to sign and pay final monies to transfer deeds. Have to pay the taxes on property etc when back in May - whats the score? discounts on taxes etc???lost touch in 18 months! thx again.

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
15/01/2009 23:47

Hi Li and Lee,



HBPG 's site has just been updated with recent changes. Take a gander and you can also download. Have your calculator ready!



Welcome back to the forum.

li n lee


Joined: 09/10/2007
Posts: 144

Message Posted:
16/01/2009 00:20

Thx Bradus, got the missus on it...is it gonna cost less?

Bradus


Joined: 25/02/2007
Posts: 2641

Message Posted:
16/01/2009 00:50

Nowhere near getting deeds yet so have not done much research. Its bound to have changed by the time I'm ready to complete. However there have been some positive postings about reductions in tax so heres hoping it leaves you with money to spare.

li n lee


Joined: 09/10/2007
Posts: 144

Message Posted:
16/01/2009 00:52

beers with us then Bradus in May??

cooper


Joined: 23/10/2007
Posts: 3386

Message Posted:
16/01/2009 08:16

Hi li n lee, here's the link to the notice from HBPG - http://www.hbpg-trnc.net/documents/tax_transfer.html



also here's a link explaining all taxes payable - http://nmplegal.com/pdf/GUIDE%20TO%20TAXES%20FOR%20PROPERTY%20TRANSACTIONS.pdf



Cooper

the butler


Joined: 22/06/2007
Posts: 1958

Message Posted:
16/01/2009 11:05

Hi lee,



If you are ready to transfer title deeds, I wouldn't waste any time. There is a 75% discount for the next 3 months. If your lawyer has power of attorney then get them to do this for you.





The Butlers wife