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Stamp Duty
Comments
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Haven't HMRC really tightened up on avoiding stamp duty? I know for a while trying to do a sum as fixtures and fittings was the done thing but even this is fraught with difficaulty these days.
In my case I was thinking if I sold my home, I'd want to explore F&F as I bought as a new build so all curtain poles, mirrors, toilet roll holders, towel rail, light fittings and carpets were brand new at my cost and are only 18 months old so I thought I'd be in with half a chance...........not that I'm selling!
Sorry op. You gotta pay or agree to pay less! ;-)0 -
It's also condoned in this country - I've looked at 8 properties over the summer in the £270-£280k price range with various estate agents and ALL suggested I offer £250k plus extra as cash in hand that they would facilitate...
In fact on checking sale prices compared to what they were listed for it seems very strange that many properties in my area that are on sale for £270k-£280k sell for £250k...
Well maybe not that strange...
Report them to Inland Revenue.Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0 -
Report them to Inland Revenue.
How do you prove anything? If it says £150,000 on the deeds that's how much they have paid.(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
HMRC could get a look at financial/bank records and see who had £20-30,000 disappear from or appear in their account mysteriously.0
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the price of the property is low, so the stamp duty is low, so its not worth the hassle and risk IMHO0
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It's also condoned in this country - I've looked at 8 properties over the summer in the £270-£280k price range with various estate agents and ALL suggested I offer £250k plus extra as cash in hand that they would facilitate...
In fact on checking sale prices compared to what they were listed for it seems very strange that many properties in my area that are on sale for £270k-£280k sell for £250k...
Well maybe not that strange...
I wouldn't suspect anything dodgy going on.
More likely they were hoping for £260k/£265k but just couldn't persuade anyone to pay such a small %age over the threshold so simply didn't get any offers over £250k.0 -
If you did buy at £124500 and promised to pay the rest in used notes to the seller after completion, who is going to force you if you "forgot"?
Nothing in "writing" (who would put a illegal transaction in writing!)
The seller is hardly likely to sue you!0 -
david29dpo wrote: »If you did buy at £124500 and promised to pay the rest in used notes to the seller after completion, who is going to force you if you "forgot"?
Nothing in "writing" (who would put a illegal transaction in writing!)
The seller is hardly likely to sue you!
I know someone in Spain who handed the 'black'money over outside the notary's office before signing for completion.
The vendor walked away with the money AND the house. :eek:(AKA HRH_MUngo)
Member #10 of £2 savers club
Imagine someone holding forth on biology whose only knowledge of the subject is the Book of British Birds, and you have a rough idea of what it feels like to read Richard Dawkins on theology: Terry Eagleton0 -
seven-day-weekend wrote: »I know someone in Spain who handed the 'black'money over outside the notary's office before signing for completion.
The vendor walked away with the money AND the house. :eek:
Don't you just love it when a crook and tax-cheat get's caught out by his own tricks... The bleedin' scum who get away with tax-cheating mean the rest of us end up paying more...0
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