Stamp duty gift from seller (family sale)

getmore4less

a quick google suggests you have a year to make the refund claim.

Birmingham Stamp Office.


wonder what the solicitors are going to put down on the form as consideration for the excess over the £225 cash?

AP7500

If its wrong, either the solicitor is very very stupid, or they are trying to fleece me. They were adamant purchase price = valuation, with SDLT based on this price. They said that as they are acting as the lender they have to ensure they satisfy the lenders requirements also.

The funny thing is, Iv checked my mortgage offer letter and it doesnt specify purchase price anywhere. It simply states that valuation = £330,000 and minimum valuation required for the sale to take place is £300,000 based on an approved lend amount of £225,000

amnblog

My post was not focused on price v consideration.


It was focused on the realisation that SDLT (3% with higher charge) on a £330,000 figure is not £14,000.


£6,500 + £9,900 = £16,400 (thanks George!)