Can you avoid stamp duty?
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cecilio
Apprentice
Joined: 25 Aug 2006
Posts: 10
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 Posted: 09/22/07 - 04:48 Post subject: |
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| Hi. Are there any tax experts on this forum? I am house hunting and I am researching all the costs. I would like to find a way around paying stamp duty. Who wants to pay taxes if it can be avoided? Only I dont know how I should go about this. Is it possible and how? |
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corrina
Apprentice
Joined: 03 May 2004
Posts: 15
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| Posted: 10/22/07 - 00:34 Post subject: |
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| Your best bet might be to buy a house in a so-called deprived area. The Labour government exempted a list of these areas from stamp duty in order to stimulate sales. Until the decision was made many of these properties were extremely difficult to sell. There are quite a number of these deprived areas and a list can be found on the web. Good luck. |
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