Stamp duty?

Mrs_ted

I wonder how many people have done this though. Would it be difficult to prove? I personally would not do it but Im not a chancer either. However may a politician would perhaps give a different point of view re your question!!!

Mowie

Dan-Dan wrote: »

How is that relevant?

Exactly what lvm said.

I was trying to be a little helpful to show that there was an alternative to fraud which would legally allow the OP to reach the same financial cost that they wanted.

grifferz

Mrs_ted wrote: »

I wonder how many people have done this though. Would it be difficult to prove?

I don't know, but in OP's position: a property valued at £175k being sold at £125k (almost 30% below market rate!) which is right on the stamp duty threshold, being bought by the brother of the vendor.. you'd have to assume there is close to zero chance that would go unnoticed! And once noticed you'd think would be easy to prove beyond reasonable doubt.

Really not worth it for the sake of <£2k.

Dan-Dan

lvm wrote: »

Because this is what the OP's aim is - to reduce her costs, potentially by avoiding stamp duty. Getting a lender who pays it for her will do this.

The OP`s aim is to avoid stamp duty yes , but i think they are obviously trying to do it with a lender already in place and exploring avenues on how to get away with it , not advice on various lenders

wannahouse

Dan-Dan wrote: »

The OP`s aim is to avoid stamp duty yes , but i think they are obviously trying to do it with a lender already in place and exploring avenues on how to get away with it , not advice on various lenders

yes, but obviously, if they want to avoid paying stamp duty LEGALLY, they have been recommended it might be worth using a lender who will pay their stamp duty for them, so very relevant!