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stamp duty in 2013
puregeordie
Posts: 185 Forumite
Hello, How much stamp duty should I of payed in middle of 2013 on a house purchase of £195000 ? any ideas as I was charged of solicitor £1950 and I thought I should of been charged 1% of anything over £125000 so I should of been charged £700.
I know it was ages ago but just checking my older bill from the past,
Am I right or wrong? thank you.
I know it was ages ago but just checking my older bill from the past,
Am I right or wrong? thank you.
0
Comments
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The rate would have been 1% of £195k not 1% of anything above £125k. So you paid the correct amount of SDLT.0
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From 21 March 2012 to 3 December 2014, the following applied;-
£0 - £125,000 0%
£125,001 - £250,000 1% of the purchase price.
Therefore if you had bought for £125,000 the SDLT would have been £0 but as you bought for £195,000 the SDLT would have been 1% of £195,000, or £1,950.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 -
Thanks for clarification Pixie and kingstreet, I had a feeling that it might of been right in the first instance. cheers.0
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