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Is Corrie house swap legal? |
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#1 |
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Forum Member
Join Date: Mar 2004
Posts: 1,156
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Is Corrie house swap legal?
Quite a few years ago I proposed a similar exchange when it transpired that three of us, who knew each other and lived in the same village, were basically wanting to swap houses all round. I suggested that we need only pay each other the differences in the costs of each house. One of the other parties ran this idea past her solicitor who expressed the opinion that this would be illegal, as it could be considered a way of avoiding Stamp Duty.
Can any legal types confirm this? |
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#2 |
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Forum Member
Join Date: Aug 2004
Posts: 5,718
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well i doubt corrie would bother looking into whether something is legal or even believable, the swapped babies storyline
![]() ![]() ![]() i'm pretty sure you could get the title deeds of the place transferred over to someone else i.e father to son, but not sure if you could do this outside of a family |
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#3 |
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Forum Member
Join Date: May 2008
Posts: 22,341
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It is perfectly legal to buy and sell property "privately", as long as all the proper legal channels are done (land registry, etc.).
Stamp duty wouldn't come into it as (IIRC) both properties were under the £125k threshold. |
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#4 |
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Forum Member
Join Date: Apr 2004
Posts: 88
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Quote:
Stamp duty wouldn't come into it as (IIRC) both properties were under the £125k threshold.
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#5 |
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Forum Member
Join Date: Nov 2006
Posts: 2,281
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i liked this storyline purely because it gave us the line 'i dont like this conservetory..too much glass'
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#6 |
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Forum Member
Join Date: Mar 2004
Posts: 1,156
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In the case I was describing, Stamp Duty was payable on all 3 of the houses involved - it was quite a few years ago.
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#7 |
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Forum Member
Join Date: Apr 2004
Posts: 88
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Quote:
In the case I was describing, Stamp Duty was payable on all 3 of the houses involved - it was quite a few years ago.
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#8 |
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Forum Member
Join Date: Oct 2006
Posts: 3,187
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Quote:
i liked this storyline purely because it gave us the line 'i dont like this conservetory..too much glass'
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