Do I need to pay the full stamp duty?

Posted on 5 October 2008

I am considering putting my house in part exchange for a more expensive new one.

Do I need to pay the full stamp duty on my purchase or only on the difference in value?

Thanks

Peter

 

Peter I am sorry to say you still pay stamp duty on the full purchase price!

I wish you all the very best.

Bea

 

Answers provided in response to Ask Bea are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not neccessarily represent the views, positions, strategies or opinions of Charcol Limited. All comments are made in good faith, and neither Charcol Limited nor Bea will accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

Question