Has anyone else encountered this?
We put our house for sale in April and were very lucky to have 3 very interested bidders and to now have an offer of way more than we asked for on the table, however is it correct that we should now assess our 2014 LPT off this new amount - we believed our original valuation as at May 2013 to be a fair and honest one given the prices of houses sold on the property price register at the time, and a valuation I had received from an estate agent.
The reason I ask is we have received an instruction from our buyers solicitor stating that "the LPT paid for 2014 is in the wrong bracket and should be that of ***[450 more than we valued the house at May 2013]".
I am confused-should we all be checking the value of prop prices every year ? I had thought the self assessed valuation as of 2013 stood for 3 years unchanged
We put our house for sale in April and were very lucky to have 3 very interested bidders and to now have an offer of way more than we asked for on the table, however is it correct that we should now assess our 2014 LPT off this new amount - we believed our original valuation as at May 2013 to be a fair and honest one given the prices of houses sold on the property price register at the time, and a valuation I had received from an estate agent.
The reason I ask is we have received an instruction from our buyers solicitor stating that "the LPT paid for 2014 is in the wrong bracket and should be that of ***[450 more than we valued the house at May 2013]".
I am confused-should we all be checking the value of prop prices every year ? I had thought the self assessed valuation as of 2013 stood for 3 years unchanged