can i offer £249,950 for the property and £15,000 for fixtures and fittings to avoid the stamp duty increase of 3%? It may be that this is not allowed but i am not sure, i don't want to be charged with tax evasion!
2007-03-17 07:02:26 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
Offer what you like, doesnt mean the will except though.......
2007-03-17 07:05:28 · answer #1 · answered by Anonymous · 0⤊ 0⤋
You are allowed to do this as long as it is realistic - i.e. the fixtures and fittings do really exist to some degree at least. Why are you offering the full asking price straight away - make your initial offer £250k and just negotiate the rest ..
2007-03-17 07:09:52 · answer #2 · answered by Bexs 5 · 0⤊ 0⤋
You can, it is not illegal if you can make two separate documents and the vendor is willing to accept a lower offer on the property itself. He might be getting other similar offers from others who, like yourself, wish to avoid paying stamp duty.
2007-03-17 07:10:04 · answer #3 · answered by Anonymous · 0⤊ 0⤋
No you will not. Ask your solicitor to make the offer in the manner you described. Provided the seller accepts it, there is nothing illegal in this transaction.
2007-03-17 07:11:39 · answer #4 · answered by East Ender 2 · 0⤊ 0⤋
Yes you can but you need to make it clear to the agents involved so that the sellers know why your offer is low.
2007-03-17 07:14:37 · answer #5 · answered by Anonymous · 0⤊ 0⤋