Lupton Fawcett talking money

 

News in brief
Potential fines for house sellers

Town Halls have been ordered to fine house sellers if they fail to use Home Information Packs allowing local councils to rake in fortunes from sellers who flaunt the rules.

The fines have been approved by housing Minister Yvette Cooper, enabling trading standards officers to impose the cash penalties on anyone who markets their three or four bedroom property without a HIP.

The Council of Mortgage Lenders said: “This move places extra burden on home owners. We are hoping that councils will be consistent. It will not be fair if sellers in one area are treated differently from those in another.”

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Levels and bases of, and reliefs from, taxation are subject to change.
This article is for your general information and use only and is not intended to address your particular requirements. Although endeavours have been made to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No individual or company should act upon such information without receiving appropriate professional advice after a thorough examination of their particular situation. Any references made to the Pre-Budget Report may be subject to the Finance Bill becoming law.
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