jackpot06 Posted October 17, 2011 Share Posted October 17, 2011 just wondered if anyone on here has any opinions on these services? Quote Link to comment Share on other sites More sharing options...
rw42 Posted October 17, 2011 Share Posted October 17, 2011 A link would be useful.. Quote Link to comment Share on other sites More sharing options...
Democorruptcy Posted October 17, 2011 Share Posted October 17, 2011 just wondered if anyone on here has any opinions on these services? Put aside the stamp duty you are evading plus interest on it, ready for when the HMRC tap you on the shoulder later on. Quote Link to comment Share on other sites More sharing options...
jackpot06 Posted October 17, 2011 Author Share Posted October 17, 2011 http://www.avoidstampduty.org.uk/ Quote Link to comment Share on other sites More sharing options...
jackpot06 Posted October 17, 2011 Author Share Posted October 17, 2011 I've not done it ! Honest guv. However my ex hus recently did when he bought a big ticket house in Dorset and my kids told me about it ! Quote Link to comment Share on other sites More sharing options...
Jetset78 Posted October 17, 2011 Share Posted October 17, 2011 just wondered if anyone on here has any opinions on these services? Proceed with caution - my very expensive tax lawyer says they fall foul of the legislation and do not work Quote Link to comment Share on other sites More sharing options...
Greg Bowman Posted October 17, 2011 Share Posted October 17, 2011 (edited) Proceed with caution - my very expensive tax lawyer says they fall foul of the legislation and do not work +1 we had an EBT. Phones 4 us paid all their bonuses through one. End of scheme. The revenue call it a mop up. They go through the list and then mop up the tax avoided, they gave us 15 days to pay 100k. Note for injin. Without looking it up tell me what an EBT is. Oh I forgot you are a theorist. Edited October 17, 2011 by Greg Bowman Quote Link to comment Share on other sites More sharing options...
mikthe20 Posted October 17, 2011 Share Posted October 17, 2011 I know someone who did this earlier this year. Not sure about the detail but something about an offshore company buying and temporarily owning the property and solicitor mitigates against house buyer being asked to pay duty by HMRC. Souinds dodgy to me and the sort of loophole that should be plugged immediately - the fact that this is barely mentioned in the mainstream press sugests to me that a lot of wealthy people and media types are doing it, but don't want it to become common knowledge or otherwise it'll be banned. Another reason the London market has remained toppy IMO. Quote Link to comment Share on other sites More sharing options...
buzzardo Posted October 18, 2011 Share Posted October 18, 2011 Don't know if this link will work OK, but please see my previous reply on this subject. http://www.housepric...dpost&p=2954721 Apparently there's a lot of EA's encouraging this sort of behaviour, because they think they won't be the people caught when it goes t!ts up, and in the meantime it makes them LOTS OF COMMISSION..... Except (allegedly, of course,) for a certain EA in Farnham, who (according to his pissed up colleague,) is up to his neck in it, on his own purchase/s. I'd pay good money to see that c*ck in court, well and truly bang to rights. Caveat emptor and all that.... B Quote Link to comment Share on other sites More sharing options...
Rachman Posted October 18, 2011 Share Posted October 18, 2011 having taken tax counsel's advice on it..... you'd have to be nuts UNLESS you are an offshore person putting it into an offshore company and then the stamp duty mitigation isn't for you, it's for when you sell it..... I wouldn't touch them with a bargepole..... Quote Link to comment Share on other sites More sharing options...
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