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Stamp Duty
Tom_Jones
Posts: 1,562 Forumite
Sorry for being a bit dumb but who pays Stamp Duty, the buyer or the seller ?
I always thought it was the buyer who paid the Stamp duty, it's a private sale of a value of 215k
Many Thanks
I always thought it was the buyer who paid the Stamp duty, it's a private sale of a value of 215k
Many Thanks
0
Comments
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The buyer has to pay stamp duty.
Anyone else can pay some or all of it to the buyer to oil the wheels of a transaction................................I have put my clock back....... Kcolc ym0 -
Very strange, my sister has recieved documents from the buyers solicitor with the usual stuff, like what is being left etc, but it states the Stamp Duty and costs etc are around 6k ?0
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Tom_Jones wrote:Very strange, my sister has recieved documents from the buyers solicitor with the usual stuff, like what is being left etc, but it states the Stamp Duty and costs etc are around 6k ?
Okay.
Does your sister have a solicitor of her own? I am guessing she does. It is a disciplinary offence for solicitors to communicate directly with a party when it is know there are solicitors acting.
What I think has happened here, is that the buyer's solicitors have written to the wrong person. Someone has looked at the file and seen the name and address of your sister and assumed they are the client and buyer. Whoops, big mistake. All that documentation is stuff that should have gone to the buyer, that is why I think this is the mistake they have made.
Your sister should contact her own solicitor who I am sure will advise her to send the paperwork to him/her or simply return it to the other solicitors. I would personally just ask her solicitor to inform the buyeer's solicitors of their error and get them to send it out again to their clients.0 -
big woopsss...even if your sister does have a solicitor, has she thought about a different one !?0
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samgoffe wrote:big woopsss...even if your sister does have a solicitor, has she thought about a different one !?
Its not the sister's solicitor who has made the mistake, but her buyer's solicitor.0 -
Ohhh very big mistake if that was my solicitor making those mistakes, i'd switch....
Stamp duty is 1% of the property price, always check if the property is exempt from paying stamp duty, i paid stamp duty when it wasnt due over two years ago and ive just got a rebate from my solicitor.
So your sister should have paid stamp duty when she brought the property.Abbey Loan £6,000
Tesco loan £3,000
Tesco points --- £100 worth £400 in deals for holiday! :j :T
"It is not the strongest of the species that survive, nor the most intelligent, but the one most responsive to change." (Charles Darwin)0
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