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Stamp Duty
PeteDee
Posts: 1 Newbie
My mum is thinking of buying her council house. It has been valued at 135,000 but with the discount she will be only paying half that. Will she have to pay stamp duty as she is only paying 64,500 or does the stamp duty go on the actual value of 135,000.
Thanks in advance
Thanks in advance
0
Comments
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The market value of the property is not used to calculate the stamp duty land tax liability.
http://www.hmrc.gov.uk/manuals/sdltmanual/sdltm27015.htm
I googled "stamp duty on right to buy."I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
I very much doubt she will be required pay stamp duty. However check with a lender or solicitor.0
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