Is there an estate agent type person on here......

If so I'd like to ask you a question or two re- stamp duty.

 

NO but ask away its relatively simple. nt

 

RE: NO but ask away its relatively simple. nt

Someone I know is paying a few thousand over £120,000 for a property. They are wondering if they should ask the seller if they can pay her say £119,500 for the property and say the rest cash for maybe a little bit of furniture if you know what I mean, thus avoiding stamp duty.

Would they get away with it (in an hyperthetical sense of course)....

 

Send Arnside Red a PM

 

mapallo, stamp duty actually kicks in at 125,000 now

of coures as a reputable, honest estate agent i would never advocate breaking the law by lying to the inland revenue re the purchase price of a property but i am sure it happens, they are a bit stricter now than they used to be ie it was common practice to pay just under the stamp duty level and then pay say 5k for carpets and curtains etc, but now you legally have to declare these sums also as part of the purchase price, but, as they say, what the solicitors dont know about????????????????/