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Stamp Duty Fraud
Comments
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As is typical of some of the Greater London suburbs is your small close lined with Elm or other trees?
No doubt the property would have have had a survey conducted upon it. Maybe it threw up something very significant?
No, it's in the mid-terrace of 5 properties. These are large 4 bed town-houses. Properties with 2 beds just 20 ft away have all recently sold for 20/30k more. The reason for my post was that I'm considering a further loan for a new kitchen and en-suite. The percentages are all screwed if this figure is correct (which I'm certain it's not). Who should I take this further with?0 -
thecasementkid wrote: »No, it's in the mid-terrace of 5 properties. These are large 4 bed town-houses. Properties with 2 beds just 20 ft away have all recently sold for 20/30k more. The reason for my post was that I'm considering a further loan for a new kitchen and en-suite. The percentages are all screwed if this figure is correct (which I'm certain it's not). Who should I take this further with?
No one, the market is falling and people have to drop prices for quick sell. Its a free market after all.
The more important issue is you wanting to to take equity out of your home in a property down turn. Have you thought of the long standing implications, you may be about to make a very risky mistake.:exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.
Save our Savers
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thecasementkid wrote: »Who should I take this further with?
No-one at the moment, since you haven't any evidence that there's anything to take up.
You've been given more than one plausible reason for the sale at £250k, why are these unacceptable to you?0 -
I don't understand why people are not recommending the OP tells HMRC about his concerns? There are other possible explanations, but none of them very likely, and SDLT fraud is the most likely explanation. Voice your misgivings to HMRC and let them decide what to do.No reliance should be placed on the above! Absolutely none, do you hear?0
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No reliance should be placed on the above! Absolutely none, do you hear?0
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It could be completely innocent - see a previous post of mine where a house worth £200k+ shows up on the Land Registry as being sold for £60k. The LR data relates to the last transaction which is not necessarily the full picture concerning the last sale.
Land Registry - misleading price paid?
Or ir could be something dodgy in which case let HMRC know as suggested by GDB2222.Every generation blames the one before...
Mike + The Mechanics - The Living Years0 -
I don't understand why people are not recommending the OP tells HMRC about his concerns? There are other possible explanations, but none of them very likely, and SDLT fraud is the most likely explanation. Voice your misgivings to HMRC and let them decide what to do.
This still doesn't explain how the so called deal made it past 2 solicitors!!
I would doubt very much any fraud has taken place..
That form requires you to give your name and relationship to the 'accused'.
Make the report if you wish but be aware you may be wasting HMRC time which may make them notice (and look further) into your affairs!!0 -
Make the report if you wish but be aware you may be wasting HMRC time which may make them notice (and look further) into your affairs!!
Actually, the form does not require your details at all, although there is certainly space to fill them in if you wish.No reliance should be placed on the above! Absolutely none, do you hear?0 -
I negotiated a substantial discount off of our new home (bought in Feb 2010) - around 30% off the asking price. The vendors were about to be repossessed if the sale hadnt happened quickly and preferred to "get rid" before being pushed. It happens and sometimes you are the lucky one to get the deal.
Trying to become debt free but this site makes me spend a fortune!!!
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Despite Brits assertions (also known as 'wishes') I think the Op has a point here. Even now, properties rarely go for 2/3rds of asking price unless there is a major problem or something else in the mix. I think the OPs comments re much smaller flats on teh same road going recently for well over 250k is quite telling.
Bearing in mind London has bounced back strongly since 2008 and that 6 months ago prices were definitely moving upwards also, it is quite feasibly a missprint or a fiddle of somesort. Equally possible is a sale to a relative or perhaps incorporating some sort of side deal (which may or may not be shady!)
Either way, it sounds a touch unlikely your house is now worth over 30% less than it was in March....Go round the green binbags. Turn right at the mouldy George Elliot, forward, forward, and turn left....at the dead badger0
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