stamp duty and part ex

[Cogcog]

In theory (cough), if I part-ex my house for a new one, and the developers offer me less than market value for mine which by chance brings it just under the stamp duty limit but they then reduce the price of the new build by the amount of the under valuation so the diffferntial stays the same, will that bring HMRC on an early morning visit?

[Trustmeimadoctor]

dunno lol we just px'd ours


they gave us 130k for ours theirs was up for 220 but we bought it for 190 they sold ours for a max of 122 as that was what it was up for and we havent had any issues and solicitor didnt see an issue with it or the valuation or the mortgage

[Aviz]

Trustmeimadoctor said:

dunno lol we just px'd ours


they gave us 130k for ours theirs was up for 220 but we bought it for 190 they sold ours for a max of 122 as that was what it was up for and we havent had any issues and solicitor didnt see an issue with it or the valuation or the mortgage

So you paid 1900 stamp ?

and 1300 should have been paid on the old one too!