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stamp duty when buying a house from family
mb_2001uk
Posts: 12 Forumite
Do you have to pay stamp duty if we are buying from the mother in law @ 160K?
Any help would be welcome.
Any help would be welcome.
0
Comments
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Simply put - Yes!In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:0
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Your only possible out would be if your postcode is in a so called 'deprived area' stamp duty is not payable under 150K. Would she accept 150 with a MAX of 1-2k for fixtures and fittings?0
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someone told me it could be as simple as changing the name on the deeds0
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Not only do you pay on sale, but you also potentially pay on a transfer of equity ... which would almost certainly apply if you simply "changed the name on the deeds".Warning ..... I'm a peri-menopausal axe-wielding maniac
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