L
loadsofmoney
Guest
There have been numerous questions here in recent months as to how a person can avoid stamp duty on the purchase of a second home.
I have just heard how one canny builder has come up with a way to avoid stamp duty on the sale of his houses, which sell for 250 K.
He sells the land seperately to you for 100k and then sells you the house for 150 K. Both of these figures are under the stamp duty thresholds and hence the buyer does not pay stamp duty on the 250 K.
Ingenious or what ???
I have just heard how one canny builder has come up with a way to avoid stamp duty on the sale of his houses, which sell for 250 K.
He sells the land seperately to you for 100k and then sells you the house for 150 K. Both of these figures are under the stamp duty thresholds and hence the buyer does not pay stamp duty on the 250 K.
Ingenious or what ???