Muslims - New Labour - UK Stamp Duty

[English Noodles]

I was talking on the phone to someone in the UK earlier and he was on the subject of buying and selling property in the UK. He mentioned that as he was Muslim he is exempt from paying stamp duty as it's against their religion. Apparently a law brought in under the Labour party several years ago makes Muslims exempt from paying.

WTF is up with these people?

[Norton]

WTF is up with these people?

The muslims or the politicos?

[buriramboy]

Think that maybe bollox regarding stamp duty, i know muslims ain't allowed to pay interest on money borrowed under their religeon and that some banks do special mortgages for muslims but no idea how they work, not being muslim never looked into it!!!!!

[Dan]

The law was reformed so people buying houses through Islamic banks in a suitably Islamic way didn't have to pay stamp duty twice (which, prior to the change, they had to do.) They now just pay once. Bastards, eh.

[English Noodles]

The law was reformed so people buying houses through Islamic banks in a suitably Islamic way didn't have to pay stamp duty twice (which, prior to the change, they had to do.) They now just pay once. Bastards, eh.

How were they paying twice before?

[Dan]

I think the bank bought the house for them and then they bought the house from the bank. It's a way of their avoiding making (un-Islamic) interest payments but as far as the taxman was concerned, the house had been sold twice so there were two sets of stamp duty to be paid.

[Carrabow]

I think the bank bought the house for them and then they bought the house from the bank. It's a way of their avoiding making (un-Islamic) interest payments but as far as the taxman was concerned, the house had been sold twice so there were two sets of stamp duty to be paid.

I have said this numerous times:

If they do not to play by your already established financial rules and tax system, send them back to their sand box. There is plenty of room in the desert for them.

Why would your Government bow down to kiss their ass

You guys have a better chance of doing this than the USA. You give 'em and inch they are gonna go for a mile next.

[Thetyim]

the bank bought the house for them and then they bought the house from the bank

as far as the taxman was concerned, the house had been sold twice

Well it bloody well has been sold twice, hasn't it ?

[English Noodles]

I think the bank bought the house for them and then they bought the house from the bank. It's a way of their avoiding making (un-Islamic) interest payments but as far as the taxman was concerned, the house had been sold twice so there were two sets of stamp duty to be paid.

Interesting.

SHARIA law is being used by house buyers posing as Muslims to dodge stamp duty, it was revealed yesterday.
A scheme, brought in by Labour in 2005, allows followers of Islam to buy property without paying the tax.
Paying interest is banned under Sharia law, so Muslims are allowed to buy a house and then sell it on to an offshore financial company.
They then lease the house from the company instead of taking out a mortgage, which would include interest payments. Stamp duty, which is applicable to all properties worth £125,000 and over, does not have to be paid on properties which are immediately sold on.
But the loophole, which costs the Treasury £40million a year, is now being used by some who pretend to be Muslim.
Sultan Choudhury, from the UK Islamic Finance Secretariat, said: “It was certainly not envisaged that some tax advisers would manipulate the legislation on behalf of their clients to avoid paying stamp duty at all.”

Read more: Express.co.uk - Home of the Daily and Sunday Express | UK News :: Islamic law used to dodge stamp duty

[DrAndy]

I have said this numerous times: If they do not to play by your already established financial rules and tax system, send them back to their sand box. There is plenty of room in the desert for them.

what if they come from the jungle?

[Dan]

It's a confusingly written article (no doubt deliberately so) but it sounds like the loophole is the immediate selling of houses to avoid stamp duty (which isn't related to any particular laws for Muslims but which loses the Treasury 40 million a year) and there is no evidence that Muslims are doing this (other than getting a quote from someone with a Muslim saying you shouldn't do it). Strangely, their search engine didn't turn up any articles on tax avoidance by either Vodaphone or Philip Green.

[Carrabow]

I have said this numerous times: If they do not to play by your already established financial rules and tax system, send them back to their sand box. There is plenty of room in the desert for them.

what if they come from the jungle?

Their witch doctor does not tell them that it is against some voodoo spell to pay interest and taxes. If anything, they like credit and aspire to be pillars of society.

If anything I can say to appease you, your legal system is cashing in on the behavior

How about that good Doctor?

[blue]

Another thing the Muslims do is register thier house as a Mosque ,thus avoiding certain taxes on it

[Chairman Mao]

I have said this numerous times:

If they do not to play by your already established financial rules and tax system, send them back to their sand box. There is plenty of room in the desert for them.

Over 60% of muslims live in the Asia-Pacific.

You're probably not very bright though, so might not be able to understand that.

Oh well, keep that hatred up, it makes you look really intelligent like. No, really it does.

As-Salamu Alaikum

[blue]

Sounds a lot more intelligent than alowing 4 million Muslims to live in Britain,
and mess the place up
Ass -allah wanker

[Chairman Mao]

But there aren't 4 million Muslims living in Britain. And how do you conceive sending people back to places they've never been?

Another intellectual it seems.

As-Salamu Alaikum

[Carrabow]

Over 60% of muslims live in the Asia-Pacific.

You're probably not very bright though, so might not be able to understand that.

Oh well, keep that hatred up, it makes you look really intelligent like. No, really it does.

As-Salamu Alaikum

CM, You would pass judgement from a statement? Time to look in the in the mirror. You want them? Give a big old embrace with a man kiss and you can deal with it. Your taxes are already high enough so I guess footing the bill for someone who does not believe in the system and principles put in place becuase it conflicts with their beliefs is acceptable?

Should I pass judgement on you? I will not waste my time.

Seems you have all the answers

[Chairman Mao]

Seems you have all the answers

Certainly to questions like 'Do all muslims come from 'sandbox' countries?'

Perhaps research a little first, if you feel your statements are idiotically incorrect. Which of course you mightn't. But it's blatantly obvious to most of us.

I'm sorry for your lack of education.

It's interesting to note however, that such usually does correlate with people having strong opinions about the spoon-fed issues of the day. Keep on reading the Daily Mail. It will teach ya lots like.

[Butterfly]

Carrabow is again another conservative racist, what a surprise !!! not really,

[Carrabow]

Carrabow is again another conservative racist, what a surprise !!! not really,

Thanks man I do try hard at it.

[Cujo]

Seems you have all the answers

Certainly to questions like 'Do all muslims come from 'sandbox' countries?'

Perhaps research a little first, if you feel your statements are idiotically incorrect. Which of course you mightn't. But it's blatantly obvious to most of us.

I'm sorry for your lack of education.

It's interesting to note however, that such usually does correlate with people having strong opinions about the spoon-fed issues of the day. Keep on reading the Daily Mail. It will teach ya lots like.

My GUESS would be that most muslims in britain have their roots in Sandbox countries.
Maybe Britain needs to take a page from the Aussies 'good character' requirements of the citizenship act.
Nothing they could do about those born in UK, but if they're immigrants strip them of their citizenship and send them back to where they came from poste haste if they start playing up.
They really do seem to be taking the piss in Britain these fuckers.

[Thormaturge]

Enough of the mumbo jumbo. Here is the best article I have seen on this:

http://arabnews.com/economy/islamicf...icle342313.ece

UK fiscal legislation was never drafted with the manner in which Islamic banks conduct business in mind, and Muslims were quite legitimately avoiding SDLT whilst conducting legitimate business transactions.

What has now happened is that everyone else has realised they can benefit from this process since the same fiscal legislation applies to everyone.

It's just a loophole which has emerged due to the UK not taking account of how Muslims conduct business. The loophole is being closed, end of story. it was probably not closed before as it really only benefitted the wealthy and I expect politicians were abusing it more than anyone.

I never had a use for this but it has been well-known for years.

More to the point is the closure of the loophole which enables people to register companies overseas and take their incomes tax free by drawing loans that were not taxable until they were converted into salary...which happened after they emigrated.

Ye Gods, Cameron is going to make a mint from that one.

[Attilla the Hen]

My GUESS would be that most muslims in britain have their roots in Sandbox countries.

WRONG.
Most muslims in Britain come from Pakistan and Bangladesh. Naturally jungley kinda countries.

[Pol the Pot]

Bangladesh maybe but not Pakistan. I'd add India, also not a sandbox country.

[Chairman Mao]

My GUESS would be that most muslims in britain have their roots in Sandbox countries.

Actually over 10% are white. Over 70% are Asian (40%+ being Paki and 16%+ Bangladeshi). And almost 7% Black.

As-Salamu Alaikum, Koojo.