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Whats The Difference Between Stamp Duty Evasion & Avoidance?

April 26, 2017avoidance difference duty evasion stamp

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Whats The Difference Between Stamp Duty Evasion & Avoidance?

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When discussing possible ways of avoiding Stamp Duty, it is necessary to understand the difference between Stamp Duty evasion and avoidance. Evasion of Stamp Duty is illegal and would normally involve some falsification of the details within the documentation associated with the property purchase. HM Revenue and Customs (HMRC) monitor property transactions and will investigate and prosecute in suspected cases of fraud. Penalties of up to 3,000 may be imposed in addition to HMRC’s calculation of the total Stamp Duty liability.