HMRC chasing £35m in Stamp Duty avoidance

Homebuyers are increasingly avoiding paying Stamp Duty due to the rise of dozens of websites offering tax planning and "mitigation" schemes that claim to be able to legally exploit tax loopholes to avoid paying the property tax, according to the BBC. HMRC said it is investigating 1,200 people that it believes have underpaid Stamp Duty by £35m and will pursue tax avoiders. The websites claim that tax specialists will use "Stamp Duty tax planning" to enable homebuyers to avoid paying the tax and can charge fees of around half the amount that would have been paid in tax. Such websites...