Property Blogger

HOW TO AVOID PAYING STAMP DUTY

Unless your property is worth less than £60 000 (good luck finding that around London), there is another way.

Unfortunately it's not going to be in a desirable area. But if you're willing to take some risk and have bucket loads of vision - it could possibly be desirable in a decade or so (look at Battersea).

Hence there are some 'disadvantaged areas' (defined by local council wards) where they will waiver the stamp duty up to a value of £150 000.

Where is this desirable list? Check out Inland Revenue.

I checked it out and surprisingly there are areas like Wandsworth, Chelsea and Kensington, Tower Hamlets, Southwark included....but the thing is...are there any property left in these areas below £150 000?

posted by Property Blogger @ 6:13 PM