Give away property

raoh

Can I sell her the property at a low price e.g. £100k? If the outstanding mortgage is below £125k, does she still have to pay SDLT?

mjdh1957

I've no idea what you actually want to achieve here.

Have you thought what would happen if you transfer the property to your girlfriend and she then dumps you?

That would cost you a lot more than the stamp duty you're trying to evade.

_Andy_

raoh wrote: »

Hi,

Can I give away my property to someone for free?

Sure PM me

MelaBella

Guys I think you are being unreasonbale with your preachings here. OP is not asking for advise whether to do it or not, he is asking for advise how to do it and what are the best ways. WE dont know all the reasons behind, which he may not want to disclose on the public forum. I suggest OP to speak to the tax consultant. I grasped the idea of what you want to do, it is possible to do, but due to the complex tax system I suggest you consult the professional. THis is called tax avoidance and I m not sure publis forum is the best place to discuss this

Tiddlywinks

MelaBella wrote: »

Guys I think you are being unreasonbale with your preachings here. OP is not asking for advise whether to do it or not, he is asking for advise how to do it and what are the best ways. WE dont know all the reason behind, which he may not want to disclose on the public forum. I suggest OP to speak to the tax consultant. I grasped the idea of what you want to do, it is possible to do, but due to the complex tax system I suggest you consult the professional. THis is called tax avoidance and I m not sure publis forum is the best place to discuss this

I disagree... I think the OP is unreasonable in expecting accurate advice from a group of strangers.

If he wants to exercise his right to 'avoid' tax then he needs to seek professional advice from someone he knows he can trust to know what they are talking about.

To me, the OP seems like a chancer... this country has enough problems with the tax yield without people like this screwing the system.

Mojisola

MelaBella wrote: »

Guys I think you are being unreasonbale with your preachings here. OP is not asking for advise whether to do it or not, he is asking for advise how to do it and what are the best ways. WE dont know all the reason behind, which he may not want to disclose on the public forum. I suggest OP to speak to the tax consultant. I grasped the idea of what you want to do, it is possible to do, but due to the complex tax system I suggest you consult the professional. THis is called tax avoidance and I m not sure publis forum is the best place to discuss this

The problem is there are lots of other things that could be affected by giving the house away. Without knowing more details, it's impossible to give good advice - that's why people are asking.

getmore4less

It might help to give the start and the end points of what you are trying to do.

houses, mortgages, cash who ownes what timescales.

Mojisola

getmore4less wrote: »

It might help to give the start and the end points of what you are trying to do.

houses, mortgages, cash who ownes what timescales.

Means tested benefits, inheritance issues, divorce ........

GDB2222

MelaBella wrote: »

Guys I think you are being unreasonbale with your preachings here. OP is not asking for advise whether to do it or not, he is asking for advise how to do it and what are the best ways. WE dont know all the reason behind, which he may not want to disclose on the public forum. I suggest OP to speak to the tax consultant. I grasped the idea of what you want to do, it is possible to do, but due to the complex tax system I suggest you consult the professional. THis is called tax avoidance and I m not sure publis forum is the best place to discuss this

I think the OP is asking for advice on how to defraud the government. He will actually sell the property to his girlfriend, but he wants to dress it up in such a way as to avoid stamp duty. He wants us to conspire with him to do that. Personally, I am out of here.

MelaBella

Tiddlywinks wrote: »

I disagree... I think the OP is unreasonable in expecting accurate advice from a group of strangers.

If he wants to exercise his right to 'avoid' tax then he needs to seek professional advice from someone he knows he can trust to know what they are talking about.

To me, the OP seems like a chancer... this country has enough problems with the tax yield without people like this screwing the system.

I agree, OP is unreasonable asking tax-avoidance related questions on the forum hence I advsied him to see tax specialist as well. At the same time the forum users who just either preaching him or posting irrelevant sarcastic comments are also being unreasonable.

Re tax system matter, if the system can be screwed blame the system and not the chancers who try to srew it. Well, its not the topic of discussion hence not commenting any further.

By the way check BBC news yst. HMRC are applying for permit to exceed speed limits same as police and emergency, so OP if you dont pay tax expect HMRC car taering down the streets heading your way!:rotfl: