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Stamp tax

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By (user no longer on site) OP     over a year ago

Is there anyway to avoid paying this in the UK?

If Britex goes through, I believe the real estate market will take a dip and I’m looking to invest...

But I can’t find any loopholes around this stamp tax......

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By *ucky1Man  over a year ago

a straightjacket

I dunno what Britex is so I won't be voting for it

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By (user no longer on site)  over a year ago

Me neither. Is Britex like sweetex? Hate that stuff

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By *hhyouMan  over a year ago

York

No I don't believe there is a way round it unfortunately

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By *ENGUYMan  over a year ago

Hull

Wasn't Britex the maker of Seat Belts for UK car manufacturers in the 50's to 70's?

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By *hhyouMan  over a year ago

York

Haha that's some knowledge there boss

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By (user no longer on site)  over a year ago


"Wasn't Britex the maker of Seat Belts for UK car manufacturers in the 50's to 70's?"

Only Smarties have the answer

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By *hhyouMan  over a year ago

York

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By (user no longer on site)  over a year ago

You only pay SDLT on properties over £125,000 and can reclaim a rebate if your first on properties upto £300,000

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By (user no longer on site) OP     over a year ago


"You only pay SDLT on properties over £125,000 and can reclaim a rebate if your first on properties upto £300,000"

This is the confusing part.......

Please explain this rebate to me?

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By *sGivesWoodWoman  over a year ago

ST. AUSTELL, CORNWALL

I think everyone knows the OP means brexit. Have you tried looking at government websites, perhaps ask a financial advisor or estate agent OP, they may be able to help.

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By (user no longer on site)  over a year ago


"You only pay SDLT on properties over £125,000 and can reclaim a rebate if your first on properties upto £300,000

This is the confusing part.......

Please explain this rebate to me? "

Actually think it's on £300,000 to £500,000 but only if you've never bought a house before! Literally for first time buyers only

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By *arkus1812Man  over a year ago

Lifes departure lounge NN9 Northamptonshire East not West MidlandsMidlands


"Wasn't Britex the maker of Seat Belts for UK car manufacturers in the 50's to 70's?"

That I think was Britax

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By (user no longer on site) OP     over a year ago


"You only pay SDLT on properties over £125,000 and can reclaim a rebate if your first on properties upto £300,000

This is the confusing part.......

Please explain this rebate to me?

Actually think it's on £300,000 to £500,000 but only if you've never bought a house before! Literally for first time buyers only "

Thank you

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By (user no longer on site) OP     over a year ago


"I think everyone knows the OP means brexit. Have you tried looking at government websites, perhaps ask a financial advisor or estate agent OP, they may be able to help. "

Thank you , I’m just looking at the moment...

I don’t want to waste a estate agents time until I’m ready to buy....

I used a mortgage website to do some research and my stamp tax bill would be 580,000

I might have to use a third party....

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By *wisted999Man  over a year ago

North Bucks

Pays to get good financial advice mate. I just managed to get 5k back from the taxman reference a second property.

I am like you and waiting to see what happens in the next year or so before I continue buying up property.

It’s exciting times I think if you are willing to play the long game.

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By (user no longer on site) OP     over a year ago


"Pays to get good financial advice mate. I just managed to get 5k back from the taxman reference a second property.

I am like you and waiting to see what happens in the next year or so before I continue buying up property.

It’s exciting times I think if you are willing to play the long game. "

Yes , I see some potential in London.....

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By *euschMan  over a year ago

peterborough


"Wasn't Britex the maker of Seat Belts for UK car manufacturers in the 50's to 70's?"

Britax, they still make them I think

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By *euschMan  over a year ago

peterborough


"I think everyone knows the OP means brexit. Have you tried looking at government websites, perhaps ask a financial advisor or estate agent OP, they may be able to help.

Thank you , I’m just looking at the moment...

I don’t want to waste a estate agents time until I’m ready to buy....

I used a mortgage website to do some research and my stamp tax bill would be 580,000

I might have to use a third party...."

Fucking hell, isn’t stamp duty like 5% max, are you planning on buying Buckingham palace?

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By (user no longer on site) OP     over a year ago


"I think everyone knows the OP means brexit. Have you tried looking at government websites, perhaps ask a financial advisor or estate agent OP, they may be able to help.

Thank you , I’m just looking at the moment...

I don’t want to waste a estate agents time until I’m ready to buy....

I used a mortgage website to do some research and my stamp tax bill would be 580,000

I might have to use a third party....

Fucking hell, isn’t stamp duty like 5% max, are you planning on buying Buckingham palace?"

No , I’m looking in the Knightsbridge area......but only will buy if the price is right

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By (user no longer on site)  over a year ago


"

Fucking hell, isn’t stamp duty like 5% max, are you planning on buying Buckingham palace?"

You’ll get a nice 2 bed flat in Knightsbridge for about 4 million Over £500k stamp duty is certainly believable if it’s purchased as an additional property....a first time buyer would be hit for almost £500k at those prices

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By *hechapMan  over a year ago

Derry


"I think everyone knows the OP means brexit. Have you tried looking at government websites, perhaps ask a financial advisor or estate agent OP, they may be able to help.

Thank you , I’m just looking at the moment...

I don’t want to waste a estate agents time until I’m ready to buy....

I used a mortgage website to do some research and my stamp tax bill would be 580,000

I might have to use a third party...."

£580,000???

Best person to ask about tax avoidence is a politican, especially a bent millionaire tory. They know all the scams, moves and loopholes. They should tell you all the ways you can do it and get away with it, providing you hand them a big enough brown envelope....

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By *ara JTV/TS  over a year ago

Bristol East

Where's Penny Black when you need her?

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By *ithintemptationsCouple  over a year ago

plymouth

is this another thread pretending to be rich to get more women?

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By (user no longer on site)  over a year ago


"is this another thread pretending to be rich to get more women? "

Shurly not.....what better place for high flying tax avoiding financial advice.....if the price is right

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By (user no longer on site)  over a year ago

It's proportionate to the value of your home, assuming it's a second property.

A £90,000 purchase attracts 3% duty, I believe and goes up from there. Put your money in shares instead.

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By *anda and CatCouple  over a year ago

.

If your buying a second property you can avoid the additional BTL 3% DUTY by buying through a ltd company. I would do some research if I were you OP. Some good forums out there for landlords.

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By (user no longer on site) OP     over a year ago


"If your buying a second property you can avoid the additional BTL 3% DUTY by buying through a ltd company. I would do some research if I were you OP. Some good forums out there for landlords."

Basically I’m just kicking tires at the moment...

I’ve gotten some great advice through emails...

But I’ll only make a move if the UK leaves the EU....

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By (user no longer on site) OP     over a year ago


"is this another thread pretending to be rich to get more women? "

I’m not rich at all..... I live in my mother’s basement, get a government check every month, and I troll people in the UK to get sex....

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By *r_Jake70Man  over a year ago

London

Here’s an idea: How about stop being greedy and just paying the fucking tax that you are due to pay?

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By (user no longer on site)  over a year ago


"Wasn't Britex the maker of Seat Belts for UK car manufacturers in the 50's to 70's?

Britax, they still make them I think"

They still make car seats and I'm sure my eldest's first buggy was Britax, but could be wrong

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By (user no longer on site) OP     over a year ago


"Here’s an idea: How about stop being greedy and just paying the fucking tax that you are due to pay?"

Greed has nothing to do with it.......

I’m looking for a quick return on my investment, this stamp tax is total BS....

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By (user no longer on site)  over a year ago

Would it be better to invest in US property?

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By *layfullsamMan  over a year ago

Solihull


"Is there anyway to avoid paying this in the UK?

If Britex goes through, I believe the real estate market will take a dip and I’m looking to invest...

But I can’t find any loopholes around this stamp tax......"

Become a mp and offset it against your paper clip expense claims

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By *layfullsamMan  over a year ago

Solihull


"Is there anyway to avoid paying this in the UK?

If Britex goes through, I believe the real estate market will take a dip and I’m looking to invest...

But I can’t find any loopholes around this stamp tax......"

There are stamp duty mitigation schemes but they're high risk and buyer BEWARE !

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By *layfullsamMan  over a year ago

Solihull


"Is there anyway to avoid paying this in the UK?

If Britex goes through, I believe the real estate market will take a dip and I’m looking to invest...

But I can’t find any loopholes around this stamp tax......"

Have you looked at buying away from London where the property is cheaper so you'd pay lower stamp duty ?

Not 100% sure this year but it used to be if it was your home under 125k you didn't pay any but if it was a buy to let or second home you pay an extra 3%

So if it's below 125k instead of £0 you'd pay 3%

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By (user no longer on site) OP     over a year ago


"Would it be better to invest in US property?"

No , I’m looking to diversify......

I don’t want all my eggs in one basket.....

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By (user no longer on site) OP     over a year ago


"Is there anyway to avoid paying this in the UK?

If Britex goes through, I believe the real estate market will take a dip and I’m looking to invest...

But I can’t find any loopholes around this stamp tax......

Have you looked at buying away from London where the property is cheaper so you'd pay lower stamp duty ?

Not 100% sure this year but it used to be if it was your home under 125k you didn't pay any but if it was a buy to let or second home you pay an extra 3%

So if it's below 125k instead of £0 you'd pay 3%"

No I haven’t look anywhere besides London.....

I’m not looking for any property, it’s too much upkeep....

London is perfect.... close to the airport and the property lots are small....

Also I have to buy something above 125k....

In Knightsbridge, 125k can only buy a mailbox...

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