Thursday, March 25, 2010

The future of £1million property sales?

Just saying....
  1. Property on market for "offers in region of £1,010,000"
  2. Negotiate a sale price of £999,999
  3. Separately agree to purchase fixtures and fitting from the vendor in a private sale for £10,000.
Stamp Duty Savings: £10,500


UPDATE: I was under the impression stamp duty on less than a million was 1% (impression given by radio on way to work) but it seems it is 4%. Mea culpa. General point stands though.

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