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stamp duty
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ok, so here's the situation - my parents are splitting up. If I decided to buy my mum's half of the house, leaving may dad as owning the other half, what would the liability for stamp duty be?
The house is worth approx �270,000, so by buying half, would I be liable for 1% of �135,000 or the full whack of 3% of �270,000, or something else?
The house is worth approx �270,000, so by buying half, would I be liable for 1% of �135,000 or the full whack of 3% of �270,000, or something else?
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