Edge Water Chamber Blog

Understanding the do’s and don’ts of either avoiding stamp duty taxes or stamp duty mitigation is very important to potential home sellers and buyers alike.  The reason for needing to understand what is allowed and what is seen as trying to avoid paying the tax is crucial in order to avoid an investigation by the Inland Revenue.  The Revenue is very much aware of home owners that greatly overprice the fixtures and fittings of a home as a means of helping the buyer avoid a higher property tax bracket.  This has been doable in the past due to the fact that home fittings and fixtures are not added to the property’s value in the eyes of the tax.