Probably not - but I would make their liability very clear to them and express my opinion in, let us say, robust terms. Happily, my friends generally either take the same views on tax evasion as I do, or are sufficiently nervous of the consequences, so the situation hasn't arisen.Would you ever report anyone for non payment?
Yup. Thought about exactly that in posting my replyyes I would be the same I think, I dont think I would actually report anyone but I would like to think I am the type of person who would! Does that make sense!
They will have no choice if/when Reveue catch up with them:it turns out that lots of my friends who rent out their first homes have not paid this stamp duty and some have no intention of doing so....
Hopefully such tax evasion will be dealt with sooner rather than later as it's a genuine rip-off perpetrated against compliant taxpayers.
Yes - 6%. You benefited from owner occupier relief from SD on buying it but are now considering becoming a landlord/investor. If this clawback did not exist the everybody would be buying as an ostensible owner occupier and then dodging investor SD by renting out.On a serious note, can you believe I would owe €19,200k to rent out my place!
in fairness if you rent out the property its not a business or investment.
I thought you are only subject to stamp duty clawback for 5 years if the house was your PPR. So in your case, depending on when in 2005 you bought the house you would only have to pay for 3/5 years so that would be €11,520. Its still a lot of money but better than 19K.
Cn anyone verify if this is the case?
On a serious note, can you believe I would owe €19,200k to rent out my place!
Eh? Some politicians surely!?You are guilty of tax evasion, just like the politicians that we all love to hate.
Eh? Some politicians surely!?
Yea, the ones who are guilty of tax evasion.
Hey All,
Myself and my hubbie are thinking of going off to Singapore for a couple of years,
Would you ever report anyone for non payment?
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