Stamp Duty
On Tue, 5 Aug 2003 13:44:59 +0100, "Phil Norman"
wrote:
Before anyone tells me that a solicitor would sort this out for me, I know
that, but I would some like some idea about the process before I get to the
stage of employing solicitors, etc.
We did this exactly this about a year ago, the solicitor and IR were
quite happy that no stamp duty was due as the transaction was 35k.
The seller had to sign something saying he wasn't going to be declared
bankrupt, and there would be Inheritence tax implications subject to
death in the next 7 years and large estates, otherwise no problem.
Jim.
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