H hivas9 Registered User Messages 28 16 Apr 2008 #1 I'm looking to upsize and a family friend is looking to downsize we have agreed to swap with 100000 for larger property. How would stamp duty work out as were not related?
I'm looking to upsize and a family friend is looking to downsize we have agreed to swap with 100000 for larger property. How would stamp duty work out as were not related?
M mf1 Registered User Messages 4,461 16 Apr 2008 #2 You both pay full stamp duty on the market value of the house you are purchasing. mf
H hivas9 Registered User Messages 28 17 Apr 2008 #3 How is that decided as it hasn't been on the market?
L Lobby Registered User Messages 226 17 Apr 2008 #4 You will need to get a valuer to provide a valuation on the properties. The revenue also will have a good idea as they have details of every property transaction in the country.
You will need to get a valuer to provide a valuation on the properties. The revenue also will have a good idea as they have details of every property transaction in the country.
B bamboozle Registered User Messages 536 17 Apr 2008 #5 If its your PPR I believe you wont have any stamp duty to pay.
D DerKaiser Registered User Messages 1,443 17 Apr 2008 #6 You're on fire today bamboozle. They're obviously not first time buyers and the place they're buying is obviously not new. Stamp duty is payable!
You're on fire today bamboozle. They're obviously not first time buyers and the place they're buying is obviously not new. Stamp duty is payable!
