Non-motoring > Interesting way to avoid paying stamp duty, Legal Questions
Thread Author: Perky Penguin Replies: 2
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New Sun 20 Mar 11 14:18 
 Interesting way to avoid paying stamp duty, - Perky Penguin
1. Buy a house costing more tham £500K - that may limit the appeal!

2. Immediately sell it on to a financial organisation

Commercial property law exempts this sale from stamp duty

3. Lease the property back back instead of taking out a mortgage as the interest on that would be forbidden under Sharia Law (ther's the clue!)

4. UK Islamic Banking Law provides that the lease-back deal is exempt from stamp duty.

Sunday Times main paper page 8
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New Sun 20 Mar 11 21:52 
 Interesting way to avoid paying stamp duty, - mikeyb
But how do you not pay the stamp duty when you buy the house?
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New Sun 20 Mar 11 21:57 
 Interesting way to avoid paying stamp duty, - Zero
Its a deliberate hole left by HM customs and taxes, built in and designed for developers who sell a property on immediately.
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