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!
Stamp duty - getting away without paying it
camper_1982
Posts: 186 Forumite
A friend of mine has sold his house and has moved back home last week. He has now put an offer in on another house and believes he wont have to pay stamp duty as he will be classed as a first time buyer.
Is this right, as im sure they must know if you have owned a house or not before.
Is this right, as im sure they must know if you have owned a house or not before.
0
Comments
-
If he has EVER owned a home be it inherited, bought for, whatever he will have to pay stamp duty.
Hope that helps"It would be so nice if something made sense for a change" ~ Alice in Wonderland0 -
He is not a first time buyer for the purposes of the stamp duty rules. If he lies on the form, he will most likely be caught out; even if they didn't spot it, there's always 1000 people prepared to dob you in over the next 10 years. If he lies on the form that's tax evasion, which is highly naughty .... and he will be hung out to dry by her majesty's finest.
So ... if he does 'get away with it', your role is: Chief Dobber.0 -
0
-
Thanks, i did tell him as ive just sld and brought and i paid it, but he wont have it, he reckons he is now a first time buyer.
Im not saying anymore. Some people dont want to be helped.0 -
deleted **0
-
I'm sure his solicitor will put him straight (unless he lies to them of course).0
-
PasturesNew wrote: »So ... if he does 'get away with it', your role is: Chief Dobber.
:rotfl:
He reckons he's now a first time buyer? He clearly has no understanding of what classes someone as such - let him make his own mistake, fool.0 -
Point your friend at the HMRC notes under the heading 'SDLT relief for first time buyers' at
http://www.hmrc.gov.uk/sdlt/calculate/reliefs-exemptions.htm#15
.. particularly the fourth bullet point.
HMRC may not KNOW he's owned before, but if he makes a false declaration with regard to an SDLT return, he's automatically guilty of tax fraud.0 -
Scrap my first post, tell him to go for it! :j0
-
camper_1982 wrote: »A friend of mine has sold his house and has moved back home last week. He has now put an offer in on another house and believes he wont have to pay stamp duty as he will be classed as a first time buyer.
Is this right, as im sure they must know if you have owned a house or not before.
you must have misquoted what he thinks, as no one is that daft to sell and then think they are a first time buyer.My posts are just my opinions and are not offered as legal advice - though I consider them darn fine opinions none the less.:cool2:
My bad spelling...well I rush type these opinions on my own time, so sorry, but they are free.:o0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.5K Banking & Borrowing
- 253.3K Reduce Debt & Boost Income
- 453.9K Spending & Discounts
- 244.5K Work, Benefits & Business
- 599.8K Mortgages, Homes & Bills
- 177.2K Life & Family
- 258.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards