Stamp duty on house swap

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Postby gswain on Wed Mar 03, 2004 2:05 pm

My wife and I want to swap houses with my daughters family the actual valuations are the same. Are either or both of us obliged to pay stamp duty.
gswain
 
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Postby Ian McTernan CTA on Sun Mar 07, 2004 11:20 am

Both. Stamp duty is based on a transfer of value- you are each selling a house to each other.

Ian McTernan CTA
McTernan Associates Ltd
Chartered Tax Advisers
ian@imcternan.com
McTernan Associates Ltd
Chartered Tax Advisers
Northamptonshire
www.imcternan.com
Ian McTernan CTA
 
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