Stamp Duty Evasion?

[sjn2004]

I've been following the local property market for 6 months or so and during my searches have come across a few properties which have been sold but have NOT appeared on the Land Registry site or any others. Only explanation is that the Land Registry documents weren't sent off and hence no stamp duty was paid.

Any other theories?

[A911DOM]

Exempt area - previous council estate etc?

Under £120,000?

Im assuming these have been ruled out but hey.

[Piglet]

sjn2004 said:

.....Only explanation is that the Land Registry documents weren't sent off and hence no stamp duty was paid. Any other theories?

Well if that's the only explanation there's not much point asking the question!!

If you're really interested, go to www.landregisteronline.gov.uk/ put in the address for the properties, pay your two quid and download a copy of the register entries. If they've been updated then the LR know about the transaction and you can sleep again at night.

[sjn2004]

Same houses on same road, some haven't shown up.

- either the solicitor is pocketing the stamp duty without the buyer knowing

OR

- the buyer isn't sending the forms off and paying the tax.

Why should I or you pay tax when others don't?

[Piglet]

sjn2004 said:

Same houses on same road, some haven't shown up. - either the solicitor is pocketing the stamp duty without the buyer knowing OR - the buyer isn't sending the forms off and paying the tax. Why should I or you pay tax when others don't?

Well if you're sure that this is the only option then I'd suggest you phone the Inland Revenue and tell them.....

edited to say - I imagine it's the solicitor, we're all on the take you know

>> Edited by Piglet on Sunday 5th March 19:16

[leftie]

Did I hear that if you swap houses no SD is due?

[fido]

nope, it's a transfer tax. you still have to pay the tax on the 'market value'.
heck, otherwise i would have swapped my last three homes.

>> Edited by fido on Sunday 5th March 20:36