FAQs - Stamp Duty

1. Do you have to pay stamp duty on the total price of a house if you are part exchanging a property as part of the transaction, e.g. Buying a house for £160,000 with a property of £80,000. Do you pay stamp duty on £160,000 or just £80,000?
2. If we swap houses, do we still have to pay stamp duty?

1. You will effectively be purchasing the property for £160,000 by way of £80,000 cash (known as 'equality money') and £80,000 house transfer. The Stamp Duty payable by you on this transaction will be based on the full £160,000. Your opposite numbers will pay Stamp Duty on the value of your current property (i.e. £80,000).

2. Yes you do.

It used to be that you didn't.