House Buying - value of white goods / furnishings

kmmr

Gopes wrote: »

if only HMRC (Inland Revenue) hadn't come up with such a moronic way of calculating stamp duty - why can't they just go with a layered system (e.g. 1% on the first £250k, then x% for the next chunk, and then y% for a further chunk - i.e. in the same way that income tax is charged). That would be far more logical, fairer for all concerned, and would avoid these stupid deliberations, for properties priced near to the threshold, which would also allow vendors to price their properties at a fair value.

Grrrr.

hear hear. like the rest of the world does. it is truly stupid method.

SilverSix

business_man wrote: »

If you are buying this as your principal place of residence then 10k in a brown envelope should keep you both happy

I thought this.

Though you'd want to get on very good terms with the vendor and develop some trust as you couldn't draw up any form of contract stating both of yours involvement in tax evasion!