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buying under 250K first time buyer

does anyone know of an arrangement whereby a house is purchased under the full value...
The idea is to avoid paying stamp duty by buying a property for 250K which is worth 300k and paying the rest of the amount in some other transaction?

Comments

  • Bananamana
    Bananamana Posts: 246 Forumite
    it's tax evasion...

    sorry :(

    you can sometimes agree a small amount towards chattels but £50k is kind of pushing it...
  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    No you can't do it, end of story!
  • pinkshoes
    pinkshoes Posts: 20,580 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    You mean you want to buy £50k of fixtures and fittings???

    Nah, it's tax fraud, so don't bother.

    Why not try genuinely haggling a buyer down to under £250k?
    Should've = Should HAVE (not 'of')
    Would've = Would HAVE (not 'of')

    No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)
  • poppysarah
    poppysarah Posts: 11,522 Forumite
    FTB spending 300k? You must have the money for stamp duty if you're planning to spend that much surely.
  • Cannon_Fodder
    Cannon_Fodder Posts: 3,980 Forumite
    another troll creating a new ID to ask a stupid question and take up the time of posters...
  • timmyt
    timmyt Posts: 1,628 Forumite
    often suggested by the selling estate agents of all people.

    tax evasion!!!!!!and therefore money laundering too

    criminal sanctions against all colluding parties...buyer, seller and their lawyers...and agents
    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.:o
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