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Stamp duty loop holes
dom_k
Posts: 1 Newbie
Does anyone know anything about the stamp duty loopholes - eg www(dot)avoidstampduty(dot)com
My questions are threefold:
1. Is it legal?
2. Is the house actually yours at the end and is there a period where it is owned by a third party but the mortgage liability is the buyers...ie a part where you could lose the house but be liable for the mortgage?
3. What is the potential risk? Is the worst case scenario that HMRC will claim the full stamp duty. Could you be fined or worse?
Thanks
My questions are threefold:
1. Is it legal?
2. Is the house actually yours at the end and is there a period where it is owned by a third party but the mortgage liability is the buyers...ie a part where you could lose the house but be liable for the mortgage?
3. What is the potential risk? Is the worst case scenario that HMRC will claim the full stamp duty. Could you be fined or worse?
Thanks
0
Comments
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Does anyone know anything about the stamp duty loopholes - eg www(dot)avoidstampduty(dot)com
My questions are threefold:
1. Is it legal?
2. Is the house actually yours at the end and is there a period where it is owned by a third party but the mortgage liability is the buyers...ie a part where you could lose the house but be liable for the mortgage?
3. What is the potential risk? Is the worst case scenario that HMRC will claim the full stamp duty. Could you be fined or worse?
Thanks
Appears that the fees charged are high enough to make the saving neglible.0
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