• Stamp Duty Query

    By keithscott on 14th Jun 2014

    I have agreed to purchase a property from my mother for £249,000. Recent valuations have valued it at £290,000. If HMRC decide to investigate (quite likely I imagine) can they demand that I pay 3% rather than 1% SDLT.

    Keith Scott

  • 1 Answers

    By Guest on 14/06/2014


    Stamp duty is calculated on the actual purchase price paid, not the value of the property, so as long as all you pay is £249000 (I.e. You don't pay any additional money to your mother or give here anything of money's worth) then you will pay £2490

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