Jump to content
House Price Crash Forum
Sign in to follow this  
yekim1967

Stamp Duty

Recommended Posts

The stamp duty exemption only applies to those who have never bought before. Just wondering how they check who has not bought overseas. If you bought overseas, how will the tax office know?

Share this post


Link to post
Share on other sites

As far as I'm aware they wouldn't know if you had not declared it at any time. But you would be done for fraud if they found out.

And if your solicitor knows that you have lied on the form he is obliged to report you

Share this post


Link to post
Share on other sites

The stamp duty exemption only applies to those who have never bought before. Just wondering how they check who has not bought overseas. If you bought overseas, how will the tax office know?

They don't.

They rely on you completing the Stamp Duty return (a taxation return) with the same degree of honesty that you would apply to your self-assessment tax return - i.e. if you lie about it, it's tax fraud.

Do you feel lucky today?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.