Stamp Duty Q
18 March 2010, 05:13 PM
#5
Yep...........with all the houses I have bought the money just goes straight to the govenment from your solicitor.....after he has taken his fee. LOL
No late payment, no installments.....it was just bye-bye to near on £12 grand last November !!
Shaun
No late payment, no installments.....it was just bye-bye to near on £12 grand last November !!
Shaun
18 March 2010, 05:35 PM
#6
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Think of it like a legal form of being robbed. One minute I had £9k in the bank the next I don't, nothing to show for it, just accept it quietly and get on with life 
30 July 2010, 01:10 PM
#7
Pontificating
How straight are companies that offer to get you a reduction on your SD ?
Such as
http://www.stampdutyexemption.com/?g...FQiD5QodzVaMrA
It all looks great that these loopholes exist but if it was that simple, we'd all be doing it and I'm sure our conveyancers would be suggesting it would they not ??
Such as
http://www.stampdutyexemption.com/?g...FQiD5QodzVaMrA
It all looks great that these loopholes exist but if it was that simple, we'd all be doing it and I'm sure our conveyancers would be suggesting it would they not ??
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30 July 2010, 01:13 PM
#8
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It's paid to the lawyers in full when the sale goes through. You can't not pay it when lawyers are involved 
^^ FM - you risk getting arrested so you take your chances I guess ...
TX.
^^ FM - you risk getting arrested so you take your chances I guess ...
TX.
30 July 2010, 01:18 PM
#9
Pontificating
Just not happy that if you buy a house for 250K you pay nothing, add 50K to that price you pay SD on the full amount, alright for northerners but us southerners are getting it up the gary as ever because house prices are so high in comparrison, once again supporting the rest of the country
30 July 2010, 01:41 PM
#10
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Just been looking into this. It's not really avoidance, more mitigation - as the fees are usually around 1.5% But if your property is in excess of 500k then it's well worth doing.
The legal loophole uses the new Islamic mortgages.
It's pretty simple to operate. It involves a third party (based offshore) buying your house on an initial 999 year lease (which you fund) - then shortly afterwards buying the freehold back for a quid.
If it's done properly through a reputable accountant / solicitors all's good.
I can see potential nightmares if someone is less than honest.
The legal loophole uses the new Islamic mortgages.
It's pretty simple to operate. It involves a third party (based offshore) buying your house on an initial 999 year lease (which you fund) - then shortly afterwards buying the freehold back for a quid.
If it's done properly through a reputable accountant / solicitors all's good.
I can see potential nightmares if someone is less than honest.
30 July 2010, 01:48 PM
#13
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not sure if the clowns linked above are doing the same thing thing. . . . I'd not touch them with a very long poll.
As per, PM me for accountants details
.edit My accountant not interested unless purchase price is about 1m.
As per, PM me for accountants details
.edit My accountant not interested unless purchase price is about 1m.
Last edited by BlkKnight; 30 July 2010 at 01:50 PM.
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