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Stamp Duty Avoidance
Comments
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The bottom line is that your solicitor has to be comfortable with the transaction of they wont completed your SDLT1 forms.
Speak to them first.I am a Mortgage Broker
You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0 -
HMRC are a little bit smarter than your average rock. They'd see straight through your ruse the second they look at it and you'll have to pay it anyway, plus (hopefully) fines for being a tax evading scumbag.
No, this won't work.
I'd really love to know what F&F you're getting for £5k!Thinking critically since 1996....0 -
somethingcorporate wrote: »
I'd really love to know what F&F you're getting for £5k!
Its a big secret apparently.
I'm going for a case of Nazi gold, or a diamond encrusted faberge fridge freezer.0 -
Blimey! OK.
Sounds like a non-starter then. Even if I convinced you that the content was worth what I'm saying it is.
Thanks for the help.
To assist your curiosities...
I can't go into too much detail because the content is quite specific and quite valuable and with enough detail would give away the property in question (hypothetically). Suffice to say the property in question has a known (famous) historical significance and is being sold with related artefacts.0 -
well thats clear as mud..
Look at me Look at me - NNNOOOOO dont look at me!!0 -
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well building work if it's arms-length I would leave out of it, drop the offer value appropriately and agree to call the guy a few weeks after completion for a quote!
I'd also be very tempted not to consider anything that marginally over the threshold, or to just give a 250k flat "not a penny more" offer in. unless you genuinely think 265k is a bargain, then I suppose you just need to pony up the SDLT...0 -
Unless the vendor has buyers lining up, I'd say £249.950. take it or leave it!!!! You will obviously be buying it knowing that building work needs doing and I presume either YOUR surveyor or Mortgage Lender,if required, have advised this and valued it accordingly.0
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