We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Stamp Duty & Stamp Duty Land Tax
KevinD83
Posts: 7 Forumite
Evening all,
We are just days about getting keys to our first home and just received our final statement from solicitors.
The sale price is £127,000
On it fees it has Stamp Duty priced at £40 (was expecting this) and another fee called SDLT fee (google tells me it is Stamp Duty Land Tax) priced at £60
Does this sound right having 2 charges relating to stamp duty?
Obviously will ask our solicitors about it in the morning but just curious, dont want to be given them more money than needed
We are just days about getting keys to our first home and just received our final statement from solicitors.
The sale price is £127,000
On it fees it has Stamp Duty priced at £40 (was expecting this) and another fee called SDLT fee (google tells me it is Stamp Duty Land Tax) priced at £60
Does this sound right having 2 charges relating to stamp duty?
Obviously will ask our solicitors about it in the morning but just curious, dont want to be given them more money than needed
0
Comments
-
On it fees it has Stamp Duty priced at £40 (was expecting this) and another fee called SDLT fee (google tells me it is Stamp Duty Land Tax) priced at £60
Does this sound right having 2 charges relating to stamp duty?
I'd hazard a guess that the £40 is the actual SDLT that your solicitor will pass on to HMRC, and the £60 is their charge for the administration associated with making that payment0 -
They are probably charging you for completing the form and returning it to HMRC. It would be the same price no matter what the SDLT was. If you have a mortgage, it's likely a requirement that your solicitor completes the form so not much you can do about it."Real knowledge is to know the extent of one's ignorance" - Confucius0
-
ok that makes sense - thank for the replies0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.8K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards