Stamp Duty Avoidance for FirstTime Buyers

[Larkhill Jo]

Hi,

My partner and i have made an offer for an apartment of 325k. I am a first time buyer but she already owns a property. We have agreed to purchase the property in my name in the hope that this will reduce our stamp duty to 3% for FTB's.

Does anyone have any experience in making an arrangement with the vendor about accepting an amount below 317,500 and paying the balance in a more discreet manner??

Are the estate agents likely to accomadate this sort of a request?

This would remove any liability to pay stamp duty on our purchase.

If anybody has experience of this or advice it would be greatly appreciated.

Thanks,
L.J,

 

[Vanilla]

Does anyone have any experience in making an arrangement with the vendor about accepting an amount below 317,500 and paying the balance in a more discreet manner??

That would be fraud.

 

[elcato]

This is illegal practice and you surely dont expect to get some help here do you ?

 

[ClubMan]

We don't facilitate or condone tax evasion here on AAM. I am closing this thread.