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Stamp Duty on transfer of equity
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Is stamp duty payable whereby i am taking over and changing my mortgage in order to pay off my former partner. The current mortgage is for �124,600 with a secured loan of �16,500 i am also raising additional funds of �6,000 in order to get my ex partners name off the mortgage. In total the new mortgage will be for �148,750 and the house value is �175,000. If there is a stamp duty liability why is this the case?
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