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Where Taxpayers and Advisers Meet

Stamp Duty

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Lant
Posts:1
Joined:Wed Aug 06, 2008 3:02 pm

Postby Lant » Thu Mar 13, 2003 10:37 am

Is stamp duty payable on transfer of a home by one partner into joint names with the other partner, where there is no consideration other than marriage?
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Nigel Lord
Posts:518
Joined:Wed Aug 06, 2008 2:18 pm

Postby Nigel Lord » Thu Mar 13, 2003 11:42 am

Lant

Stamp duty at the scale rates is only payable if their is consideration. If the property is gifted, the stamp duty is £5.

Nigel Lord
Lord Associates
Taxation & Business Consultants
102 Smarts Lane
Loughton
Essex, IG10 4BS
020 8508 1642 & 07769 931852
lordassociates@ntlworld.com
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