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

Stamp Duty

Recommended Posts

Can we compare property sales with stamp duty?

Should the ways to exempt property sales from stamp duty be removed?

(All those million pound plus houses sold - do they pay stamp duty? Almost certainly no... )

Share this post


Link to post
Share on other sites

Can we compare property sales with stamp duty?

Should the ways to exempt property sales from stamp duty be removed?

(All those million pound plus houses sold - do they pay stamp duty? Almost certainly no... )

I have read that one game is:

Set up an offshore company to own your house

When you come to move, instead of selling the house you sell 100% of the shares in the company

The house's ownership has not changed hands so no UK stamp duty is payable

You have to have done your homework, to make sure that whichever tax haven your company is registered in will not want a slice of the action

Altogether sounds risky, possibly illegal, and would depend of finding a sophisticated buyer willing to play the game?

Edit: clearly this wouldn't exempt you from paying stamp duty when you (or rather your company) bought the house initially. The more I think about it the more ludicrous this idea sounds. There must be other benefits?

Edited by levoleurdefruits

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.

  • 276 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.