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The_Hyper
Posts: 8 Forumite
Dear Friends,
To be qualified for standard Stamp Duty rates, my property or shares on the property abroad has to be valued less than £ 40,000.
What do I need to send to HMRC to provide them such information?
I have the Land Registration of the property in our names and the value paid in 2007.
Thanks in advance for any thoughts!
To be qualified for standard Stamp Duty rates, my property or shares on the property abroad has to be valued less than £ 40,000.
What do I need to send to HMRC to provide them such information?
I have the Land Registration of the property in our names and the value paid in 2007.
Thanks in advance for any thoughts!
0
Comments
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are you doing your own conveyancing?
this is the sort of question your ask your conveyancer...
the answer is :
- your solicitor submits the SDLT return on your behalf
- your solicitor will ask you: are you telling the truth
- you will sign the from to say you are
- the form will be sent to HMRC, nothing else
HMRC may, if you are incredibly unlucky, decide to challenge your truthfulness and ask for evidence to support your signature. If that happens it will be months after the tax return went in and you'd have to have done something really odd to have drawn their attention.
Tax is called self assessment for a reason - you self declare that you are honest. They don't ask for proof you are honest.0 -
are you doing your own conveyancing?
this is the sort of question your ask your conveyancer...
the answer is :
- your solicitor submits the SDLT return on your behalf
- your solicitor will ask you: are you telling the truth
- you will sign the from to say you are
- the form will be sent to HMRC, nothing else
HMRC may, if you are incredibly unlucky, decide to challenge your truthfulness and ask for evidence to support your signature. If that happens it will be months after the tax return went in and you'd have to have done something really odd to have drawn their attention.
Tax is called self assessment for a reason - you self declare that you are honest. They don't ask for proof you are honest.
Makes sense! I am being honest since the beginning. I had the option, as a lot of people "advised" me, to hide that I have a property abroad - in South America.0
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