Advice Needed On Dodging Stamp Duty

fatpig_2

God loves a trier

savemoney

Unbelievable the cheek of some people.

lonestar1

Perhaps teh seller would pay the stamp duty for you ?

Offer 175K or what you did before with the proviso they pay the SD

Baz_2

Dear me the dogooders on this thread and the moral crusaders are laughable.

The guy is asking for tax avoidance not tax evasion. One is legal the others are not.

As has been said you can sell extras outside of the stamp duty regime. So if you can buy his Fridge, table, shed etc and use that to bridge the gap then you should be fine. Perfectly legal and not dodgy. However try to say you bought a shed for £6000 probably is dodgy.

Strapped

I'm sure that the vendor will be aware that if he has to sell to someone else now, he would only get £175k max (+ possibly F&F). So there may be room to renegotiate to £175k + F&F, but I doubt very much that you will be able to justify £6k's worth of F&F so your vendor would have to be prepared to take some drop - so it's a gamble. They may well just turn round and tell you to "go away" or words to that effect (esp given the fact that they are already re-advertising). Depends how much you are willing to risk losing the house.

Swift1_3

Offer £175K then you don't need to break the law. I think even without seeing it we can be pretty certain nobody else is going to pay over £175K for a property advertised at £181K. My grandads house was valued at £185K recently but looks like now he'd be better off putting it at £175K due to stamp duty changes.

bo_drinker

I was just having a conversation about possibly doing the same funnily enough. It will happen no doubt. The tax man can go and get fkt. Any one that does it I say good luck to them.

lynzpower

bo_drinker wrote: »

I was just having a conversation about possibly doing the same funnily enough. It will happen no doubt. The tax man can go and get fkt. Any one that does it I say good luck to them.

but its not a mythical taxman that gets done over is it

Its the taxpayer. Somewhere this money is going rto have to come from somewhere, and I suggest its going to be our own wallets and purses.

Dig deep, there is going to be a huge reduction in tax take over the next 12 months min, and soaring costs of government from propping up this whole shambles. has to come from somewhere

neverdespairgirl

Baz wrote: »

As has been said you can sell extras outside of the stamp duty regime. So if you can buy his Fridge, table, shed etc and use that to bridge the gap then you should be fine. Perfectly legal and not dodgy. However try to say you bought a shed for £6000 probably is dodgy.

The stuff (second-hand, of course) has to be worth £6k, though.

Baz_2

neverdespairgirl wrote: »

The stuff (second-hand, of course) has to be worth £6k, though.

If he agrees a price of £178k then the stuff only has to be worth £3k. Which is quite easily done.