IPT Refunds and Disputes
Posted: 29 Sep 2014 10:55
I am now one of the fortunate people who have been told that my title deeds are ready for collection, upon payment of outstanding IPT and and 'administration fee' to the developer. There does seem to be a few weird things [only a few, I hear you say] which I did wonder if anyone had previous experience of.
Firstly, I have been told by my solicitor that, although the amount of IPT the developer is claiming looks about right, I will only be able to claim back about 25% of the difference between what the developers bill was, and what my actual IPT liability would have been over the same period [actually zero in my case]. Has anyone actually been able to claim the full amount back, and if so what is your secret?
Is there any way I can settle the developers bill, and pay my transfer tax at the same time, and perform some arbitrage between the two?
Finally, I have heard rumours that the 'reforms' to the Title deed system may give me a way of actually obtaining my deeds without paying the 'administration fee' and other forms of extortion from the developer [since I presume there is no formal 'dispute' procedure]. Does anyone know if this actually exists [yet?] or is such fair treatment just a pipe-dream on my part.
Firstly, I have been told by my solicitor that, although the amount of IPT the developer is claiming looks about right, I will only be able to claim back about 25% of the difference between what the developers bill was, and what my actual IPT liability would have been over the same period [actually zero in my case]. Has anyone actually been able to claim the full amount back, and if so what is your secret?
Is there any way I can settle the developers bill, and pay my transfer tax at the same time, and perform some arbitrage between the two?
Finally, I have heard rumours that the 'reforms' to the Title deed system may give me a way of actually obtaining my deeds without paying the 'administration fee' and other forms of extortion from the developer [since I presume there is no formal 'dispute' procedure]. Does anyone know if this actually exists [yet?] or is such fair treatment just a pipe-dream on my part.