SDLT

[knk]

What is the view on Stamp duty land tax when properties are exchanged rather than sold?

House A worth 300k, transfered to sellers of house B 600k, 300k difference made up by buyers of B ("sellers" of A").

What if sellers of a & B agree to drop 100k off each house's asking price?

Kam

[blueg33]

SDLT is due on transfer. As part of the form filling, you have to state the value and you pay tax on that. I think (could be wrong IANAL) that it requires an reasonably realistic assessment of value.

You can only get SDLT relief on a part exchange if one party is a house builder or property trader

[z4chris99]

market value must be paid.

SDLT is due on transfer