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Stamp Duty

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jasmin10
jasmin10 Posts: 905 Forumite
in House buying, renting & selling
I have bought a house for £155k and noticed that the stamp duty charged was £1,750. Shouldn't this have been based on !% and been £1,550. Or is there some sort of tax on top?
TopCashback £1792.63
My Little World

Comments

  • Doozergirl
    Doozergirl Posts: 34,076 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Should only be £1550 :confused: SDLT is a tax. They can't add tax to tax (I don't think, lol!)

    Phonecall to solicitors in morning ;)
    Everything that is supposed to be in heaven is already here on earth.
  • silvercar
    silvercar Posts: 49,617 Ambassador
    Part of the Furniture 10,000 Posts Academoney Grad Name Dropper
    Probably stamp duty plus land registry fee.
    I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
  • Doozergirl
    Doozergirl Posts: 34,076 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    silvercar wrote: »
    Probably stamp duty plus land registry fee.

    Possible; nearly the price of the land registry fee & the SDLT for our sols, but they should break it down? :confused:
    Everything that is supposed to be in heaven is already here on earth.
  • jasmin10
    jasmin10 Posts: 905 Forumite
    Thanks all, Just gone through all my paperwork and there is one document from the start where they got the purchase price wrong. It was down as £175 Obviously this must be where they worked out the stamp duty from but when pointed out that the document had an error they never changed the workings for the stamp duty.

    To think that the swines could've just ripped me for £200. Just makes you realise that legal babble can blind you so much that you just put your complete trust in them and think they will get it right.
    TopCashback £1792.63
    My Little World
  • Mikeyorks
    Mikeyorks Posts: 10,377 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    jasmin10 wrote: »
    Just gone through all my paperwork and there is one document from the start where they got the purchase price wrong. It was down as £175

    Shouldn't have arisen from that. Your Solr should know what he paid out - and it is that he should have put on the SDLT return / computation
    If you want to test the depth of the water .........don't use both feet !
  • jasmin10
    jasmin10 Posts: 905 Forumite
    Mm. The first documentation I got from there was a quote. On this quote it listed all the charges and showed the purchase price worng. I think that they have just been working from the wrong quotation.
    TopCashback £1792.63
    My Little World
  • Mikeyorks
    Mikeyorks Posts: 10,377 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    jasmin10 wrote: »
    Mm. The first documentation I got from there was a quote. On this quote it listed all the charges and showed the purchase price worng. I think that they have just been working from the wrong quotation.

    The point I'm making is that they exchanged for you in the correct sum ???? Therefore they knew what the price was - and that is what should have gone on the SDLT return. But as they've obviously got it wrong (despite having a later and correct figure ... than 'the first documentation') ..... then they should go back and correct it all the way through to HMRC - then refund you the imbalance.
    If you want to test the depth of the water .........don't use both feet !
  • Gorgeous_George
    Gorgeous_George Posts: 7,964 Forumite
    Part of the Furniture Combo Breaker
    Maybe the solicitor was looking for a Christmas bonus?

    GG
    There are 10 types of people in this world. Those who understand binary and those that don't.
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