1. Buy a house costing more tham £500K - that may limit the appeal!
2. Immediately sell it on to a financial organisation
Commercial property law exempts this sale from stamp duty
3. Lease the property back back instead of taking out a mortgage as the interest on that would be forbidden under Sharia Law (ther's the clue!)
4. UK Islamic Banking Law provides that the lease-back deal is exempt from stamp duty.
Sunday Times main paper page 8
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But how do you not pay the stamp duty when you buy the house?
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Its a deliberate hole left by HM customs and taxes, built in and designed for developers who sell a property on immediately.
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