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braddy
Junior Member
181 Posts |
 Posted - 21 June 2010 : 10:58:20
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Hi
It looks as though I am coming to the final stages of getting my house back, I was the sole owner of my property and bought the B.I back for £1.00 plus the 450 costs , I have got the permission from my lender to do this, I have signed the paperwork and send it back to the soliciter and have just recieved all the forms back from them. So the last thing I need to do is send back the forms to the land registry, can anyone advise me on costs and how to fill in the forms, my house was valued at 85k and i think this has a bearing on how much i pay , also will i need to pay and ad valorem stamp duty tax . thanks |
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gettingoutofdebt
forum expert
2418 Posts |
Posted - 21 June 2010 : 18:44:34
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| I'll bump this one up to the top of the list as I can't help you but I'm sure someone else (Housing?) will be able to. |
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debtinfo
forum expert
2826 Posts |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 25 June 2010 : 23:31:06
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Hi
I have been working away for the week.
I will look at this over the weekend. Richard
"There are no problems - only solutions" |
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Housing
Senior Member
United Kingdom
1399 Posts |
Posted - 26 June 2010 : 09:53:05
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Hi
Ad valorem taxes are typically used in the calculation of stamp duty
A calculation of a sum by reference to a value. The value of a calculation is made in proportion to or in relation to a value. An ad valorem tax is determined by the value of the item taxed, such that the value of the tax changes with variations to the value of the item which is suject to the particular tax.
I am not 100% sure - I have followed the link that was given by Debt info to Martin Lewis` site and if you go along with that, you should be OK
I wish you well and post back as necessary
Richard
quote:
Originally posted by Housing
Hi
I have been working away for the week.
I will look at this over the weekend. Richard
"There are no problems - only solutions"
"There are no problems - only solutions" |
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braddy
Junior Member
181 Posts |
Posted - 21 July 2010 : 16:52:24
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| Thanks for all your help on this, I have all the required forms and am about to attempt to fill them in without the use of a soliciter, looks like i wont have to pay the ad valorem tax due to the value of the property. As I understand it now I own the Beneficial interest in the property and it can no longer be sold by the or, but is there a time limit on filling in the forms to have the land registry title changed back into my name. Hope this question makes sense. By the way the link provided by debtinfo was excellent. |
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Beneficial Interest - Expert Help Required
