How to avoid paying stamp duty??

[dannyboy]

when my friend bought a house they got in a bidding war with another couple . they both hit 250k but as the other couple bidded frst they were told they could have the house. that was until they offered them 2k for their woodburning stove. been there 2 years now

 

[ILOVEBHA]

We are so confident that the SDLT scheme works that we even offer a 100% money back guarantee if it does not work so at worse you will be in exactly the same position you would have been if you had not used the scheme.

 

[Westdene Seagull]

Ah yes. The thieves that collect the taxes that pay for schools, hospitals etc.

Honestly, you REALLY don't want to get into that discussion with brunswick - you'll end up wanting to top yourself !!!!!!!

 

[GOM]

Part-exchange, you only pay stamp duty on the difference in price.

 

[HantsSeagull]

no, it is not giving in to a bunch of thieves (tax collectors in this instance).

whilst i have sympathy for your view, unfortunately you would still get done

 

[brunswick]

whilst i have sympathy for your view, unfortunately you would still get done

done it, and no trace exists....all happy parties

 

[Barrel of Fun]

done it, and no trace exists....all happy parties

Apart from admitting to evasion on a public forum.

 

[brunswick]

Ah yes. The thieves that collect the taxes that pay for schools, hospitals etc.

most tax goes from the government straight to the banks for interest on the loans they take (e.g) the bank of england (which is a private bank).

much other tax goes towards arms, soldiers, expenses, etc.

i do not use the state schooling or NHS systems so don't feel your comment is relevant.

do not forget one still does pay tax on my method, but allot less. if you feel stamp duty is worthy then pay away, its up to the individual.

 

[ILOVEBHA]

Please bear in mind that Brunswicks method is tax evasion and our method is legal tax avoidance using top tax Qc`s opinions and as a result totally different.

 

[Titanic]

Honestly, you REALLY don't want to get into that discussion with brunswick - you'll end up wanting to top yourself !!!!!!!

LOL! I can't wait for a good old ding dong between brunswick and southern_sid - that would be a laugh a minute!

 

[beorhthelm]

most tax goes from the government straight to the banks for interest on the loans they take (e.g) the bank of england (which is a private bank).

interesting use of the word "most", the interest are near 40-50billion on somewhere north of 600billion of revenue (old numbers, but get the picture). of course, thats 40 billion too much that could go to our shools/hospitals/pockets. and the loans are from bond holders ie pensions and sovereign wealth funds. BoE is just a middleman selling bonds for the government. also defense budget is in the order of 40Billion. lucky you for not needing the NHS.

of course, im sure all that is only what they *want* us to know, not the reality of the finances.

 

[Westdene Seagull]

most tax goes from the government straight to the banks for interest on the loans they take (e.g) the bank of england (which is a private bank).

much other tax goes towards arms, soldiers, expenses, etc.

i do not use the state schooling or NHS systems so don't feel your comment is relevant.

do not forget one still does pay tax on my method, but allot less. if you feel stamp duty is worthy then pay away, its up to the individual.

blah, blah ...... I don't use any state provided service ...... blah, blah ...... I've paid my dues already ..... blah, blah ..... if my home was on fire I'd piss on it rather than call the fire brigade ..... blah, blah ...... the planet is run by mice as a great joke experiment ..... blah, blah .......

 

[kingcole]

Put the property in a company name - then sell of the shares of the said company.

Stamp duty of shares is much lower than on property.

 

[Gazwag]

NHS systems

So, hypothetically, say you we involved in an accident that required hospital treatment - would you book a private ambulance and wait a couple of hours for it (using untrained crew) to take you to a private hospital of your choice or would you use the ambulance service to transport you to an A&E where you can then be transferred to a private hospital

 

[Vegas Seagull]

Please bear in mind that Brunswicks method is tax evasion and our method is legal tax avoidance using top tax Qc`s opinions and as a result totally different.

Too late for me, but what level is it worth considering bearing in mind costs etc

 

[Bruntburger]

Call Peter Jarman accountants in Shoreham by Sea. They specialise in Stamp duty and other tax schemes. Very friendly bunch.

 

[Gazwag]

Put the property in a company name - then sell of the shares of the said company.

Stamp duty of shares is much lower than on property.

Wouldn't the company still need to pay stamp duty on the purchase, as well as Corporation Tax on the gain on a sale, with no relief

 

[ILOVEBHA]

Too late for me, but what level is it worth considering bearing in mind costs etc

We offer it on any properties over 250K and the fee is half the stamp duty due plus vat.
Obviously the more expensive the property the bigger the saving.

 

[cloud]

One way of doing it is to sell it to someone in stages.

This is not as easy as it sounds, because normally when you exchange contracts the whole amount of stamp duty becomes due, even if the balance is physically paid across different tax years.

But what you can do is to transfer an amount to the potential buyer one tax year, then transfer the remainder the next tax year. Eg transfer 40% one year, 40% the next, and 20% the next. As these are all legally separate transactions, it is allowed, you'll be under the stamp duty thresholds, and HMRC will be happy with that.

But it does mean that you will be joint owners for quite a while, so only really works with family and friends.

 

[Tesco in Disguise]

most tax goes from the government straight to the banks for interest on the loans they take (e.g) the bank of england (which is a private bank).

much other tax goes towards arms, soldiers, expenses, etc.

i do not use the state schooling or NHS systems so don't feel your comment is relevant.

true, but if you don't pay it, it needs to be found from other sources, i.e. the rest of us.

i'd have more respect for your position if you just admitted to being a self-serving, amoral cheat and not try to justify this from a philosophical perspective.

it may be that both your descendants and dependants are and have all been privately educated, and indeed that they have and will continue to rely on private medical care, you being an advocate of a hayekian state of nature, but something tells me that you might miss the roads and utilities, and that you've not quite thought this through.