Hi,
I'm closing the deal on a house on thursday but as far as i was aware i would be exempt from LPT for the next few years like everyone else. My solicitor has now told me that things have been recently amended and that i owe 128e to pay until november. Now i was talking to the vendor himself, and he also has to pay until November too as told by the tax office. Can anyone shed some light as to why both of us have to pay? and will i have to continue paying or be exempt from then for the next 2 yeras?
Any help appreciated.
I'm closing the deal on a house on thursday but as far as i was aware i would be exempt from LPT for the next few years like everyone else. My solicitor has now told me that things have been recently amended and that i owe 128e to pay until november. Now i was talking to the vendor himself, and he also has to pay until November too as told by the tax office. Can anyone shed some light as to why both of us have to pay? and will i have to continue paying or be exempt from then for the next 2 yeras?
Any help appreciated.