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Stamp duty

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My son is in the process of buying a new build house at £360,000.00 with the builder paying the stamp duty of almost £8000. The builder will not pass on this benefit to my son and surely it should be the homebuyer who benefits from the Chancellor’s move not the developer 

Comments

  • theartfullodger
    theartfullodger Posts: 15,686 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Your son is in the same position he was before Rishi's announcement: Same property being bought, same net cost to son. 
    So no change.

    I'm sure we all know how we feel about the builder's good fortune.
  • Sibbers123
    Sibbers123 Posts: 324 Forumite
    Fourth Anniversary 100 Posts
    If you haven’t exchanged, offer £352,000 
  • San_Jose
    San_Jose Posts: 43 Forumite
    Second Anniversary 10 Posts Name Dropper
    edited 9 July 2020 at 3:18PM
    What does your sons contract/ reservation say about the payment, does it list the amount they where due/ supposed to pay? I think this could be important as to if you can take it further (Im no expert). 
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