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Borrow to pay stamp duty

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Comments

  • Technically buyers/sellers can pay the SDLT themselves direct to HMRC but often they are forced to do this through the solicitors. You have 28 days to pay it after the completion of the purchase.
  • TheJP
    TheJP Posts: 2,013 Forumite
    1,000 Posts Fourth Anniversary Name Dropper
    The solicitor will have to run money laundering checks on the family member giving you the money.
  • hazyjo
    hazyjo Posts: 15,476 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    gozaimasu said:
    Technically buyers/sellers can pay the SDLT themselves direct to HMRC but often they are forced to do this through the solicitors. You have 28 days to pay it after the completion of the purchase.
    Not if they need a mortgage. It'll have to be paid via solicitor.
    2024 wins: *must start comping again!*
  • SDLT_Geek
    SDLT_Geek Posts: 3,043 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper
    hazyjo said:
    gozaimasu said:
    Technically buyers/sellers can pay the SDLT themselves direct to HMRC but often they are forced to do this through the solicitors. You have 28 days to pay it after the completion of the purchase.
    Not if they need a mortgage. It'll have to be paid via solicitor.
    Correct.  There is 14 days from completion to pay it, not 28.
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