roxy said:Ah 2pack, I knew you would be my words of wisdom at some stage!
I don't have the original quote in writing though, what should I say to him?
mf1 said:It was a mistake. You must have taken a 100% mortgage and the E300 sounds like the stamp duty on the mortgage. If you want to, you can stick to your guns and refuse to pay it on a point of principle. See what happens.
2 pack says, "If they quoted you in full including outlay , before you accepted their price, they have no comeback".
I don't agree - it depends on the circumstances. I think you should pay it.
mf
Thats what I think it is too. Outlays include the costs of stamping and registering mortgages as a standard outlay AFAIK.mf1 said:It was a mistake. You must have taken a 100% mortgage and the E300 sounds like the stamp duty on the mortgage. If you want to, you can stick to your guns and refuse to pay it on a point of principle. See what happens.
Are you a solicitor mf12 pack says, "If they quoted you in full including outlay , before you accepted their price, they have no comeback".
I don't agree - it depends on the circumstances. I think you should pay it.
Diziet said:Stamp duty is not in their fees. If you are happy with your solicitor's work and they have genuinely made a mistake (which is most likely to be the case) then the right thing is to pay. If you were in their position, what would you do?
Not all buyers will be liable for SD on the purchase or the mortgage - depends on circumstances. It could well be an honest mistake. Ask them how/why it happened.roxy said:if this is normal then surely he's charging and quoting FTB's on it all the time?
Your solicitor has an even bigger problem , they are obliged to collect it for the Revenue ....whether you pay or notClubMan said:If you don't pay then you have an outstanding tax (stamp duty) liability with Revenue which would not be a good situation.
Nope. Revenue bills solicitor only. I would ask for details of the agreed quote in writing from that solicitor and go to the Law Society if there is any more crap.ClubMan said:Yes the solicitor is at fault but if the stamp duty bill remains unpaid then surely Revenue could just bill the individual?
ClubMan said:As far as I know mf1 is a solicitor
2Pack said:Are you a solicitor mf1???
in full including outlay is
all work
outlays
and VAT
.... in English ALL means ALL .
2Pack said:I wanted FULL DISCLOSURE for the benefit of the person who started this thread about LACK OF FULL DISCLOSURE by Solicitors.
No!ubiquitous said:Are you a teacher 2Pack???
CCOVICH said:Stamp duty is technically not an outlay-it is a tax payable to the State. The difference between outlay and the stamp duty is that outlay are costs they pay on your behalf (searches, overheads etc), whereas stamp duty on the mortgage is a tax that collect on behalf of the State.
This is actually a tax you owe the State and not the solicitor as such, so I don't think you have any choice but to pay it. I'm not sure if stamp duty is required to be included in the S.86 (correct??) letter.
I received two quotes from solicitors yesterday, both included outlay, but neither included stamp duty on the mortgage deed.
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