We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
SDLT Tax Planning Scheme
barrygarlow
Posts: 2 Newbie
I'm currently buying a house for 345000. I've been told that there is a tax planning scheme to pay no or minimal SDLT. From my limited understanding of the scheme it involves some kind of transfer on the contract the property between myself and my spouse.
Does anyone know anymore about the scheme as I'm slightly wary of agreeing to it if there are going to be problems by doing this
Does anyone know anymore about the scheme as I'm slightly wary of agreeing to it if there are going to be problems by doing this
0
Comments
-
If you can afford to buy such an expensive house you can surely afford the stamp duty.0
-
Thanks sarah. Very helpful0
-
This is more a question that would be better answered in the: Tax Duckers and Divers Board here: http://forums.moneysavingexpert.com/forumdisplay.html?f=220
-
I wholeheartedly agree with PoppySarah:
Our country, which I love, needs the money in these troubled times. Tax raising is something we (usually) all don't like but we pay, for the common good.
Come on, do the decent thing and pay up like the rest of us.. Set an example to those less fortunate than yourself!
Cheers & best wishes
Artful0 -
I have no idea what you're talking about - it sounds more like the sort of thing you'd do to avoid income tax or capital gains.
There is no way around paying SDLT that I have ever heard of.Everything that is supposed to be in heaven is already here on earth.
0 -
poppysarah wrote: »If you can afford to buy such an expensive house you can surely afford the stamp duty.
The logic used here is in my opinion faulty.
If you can afford X then you can afford X + £3,450...............................I have put my clock back....... Kcolc ym0 -
Robert_Sterling wrote: »The logic used here is in my opinion faulty.
If you can afford X then you can afford X + £3,450
It wouldn't be 3450 it would be 10550.Everything that is supposed to be in heaven is already here on earth.
0 -
barrygarlow wrote: »I'm currently buying a house for 345000. I've been told that there is a tax planning scheme to pay no or minimal SDLT.
OK.
Divorce your wife.
The vendor splits the property into two properties i.e. Flats.
You and your Ex buy a flat each.
There are lots of other ways to do it.
I am surprised that anyone pay this tax................................I have put my clock back....... Kcolc ym0 -
barrygarlow wrote: »Thanks sarah. Very helpful
Thanks Barrygarlow and very polite may I add................................I have put my clock back....... Kcolc ym0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.3K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.8K Spending & Discounts
- 244.3K Work, Benefits & Business
- 599.5K Mortgages, Homes & Bills
- 177.1K Life & Family
- 257.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards