Stamp Duty and 2 seperate mortgages ?

C

Com1186

Guest
Hi there i am currently in the process of buying a house with a good friend and work colleague, i am wondering the house is worth 450k and the stamp duty is 6%, but if both of us declare the house as our first house and are seprately paying 225k, (225k being 0% stamp) could we get away without paying the stamp? pls help confusing?
 
No, the stamp duty is charged on the sale price of the house, not on the value of the mortgage amount payable by each of you.
 
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