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if you Google it there are companies that help you do this - their policy is something like the following - as you exchange, you exchange again to an agent who then sells the house back to you again..... the whole exchange and exchange occurs simultaneously and therefore eliminates the stamp - the 50% is the fee to the agent.
I am sceptical so wanted to know if anyone has carried this out without any issues?
Spoke to both my accountant and estate agent about this and the current method is to use the cost of the white goods/furniture/carpet to reduce the actual price of the house so less duty or even dropping you in to a lower bracket. New home sellers do it to get the homes under the first level by throwing in carpets, curtains, white goods etc and then can knock 8-10k off the price so if the house is up for £255000 it becomes £245000+ 10k of goods which drops it in to the 1% bracket.
Problem is HMRC is wise to this and keeps an eye on it and people have been caught for it. Comment from one site says..
‘You have to be realistic about big amounts that will be looked at by HMRC. You cannot be seen to be manipulating the market price [of chattels or the property] as that will not wash with HMRC,’ Hollingworth said.
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