• Transfer Of Equity

    By Guest on 28th Oct 2016

    I currently own a house with my brother(2nd home), he will be transferring his half of the property to me. I will not be paying anything for his half. There is no mortgage on the property. What is my stamp duty liability?

  • 1 Answers

    By Guest on 29/10/2016

    Stamp duty is based on the actual consideration paid (which can be money or the assumption of debt). If you are not paying any consideration then there is no liability for stamp duty.

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