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House Swap Stamp Duty
Trict
Posts: 6 Forumite
Hello all, we are looking to swap houses with my parents. The values are the same both £400k and no money will be transferred between parties involved. Am I correct in thinking that this will still be regarded as a sale and therefore Stamp Duty applied? If that is the case, then we couldn't afford to swap, and we will stay put. Many thanks in advance.
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Comments
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You would probably be better off posting in this forum.
House buying, renting & selling — MoneySavingExpert Forum
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Ooooops Sorry, first post in over five years of watching and i get it wrong!!!
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If they're both worth the same do you need to actually transfer the deeds/ownership? Could you not just swap where you live if there is a tax issue?Remember the saying: if it looks too good to be true it almost certainly is.0
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