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Won't they be paying Stamp Duty?
by arethuza 7y ago
Won't they be paying Stamp Duty?
- AdamGibbins 7y agoYou pay stamp duty land tax (SDLT) on the purchase of land or property, not sale.
- arethuza 7y agoBut for every sale there is going to be a purchaser so the tax is going to get paid whether it is the seller or purchaser paying.
- AdamGibbins 7y agoSure, but arguably thats penalising the wrong party. Also depends on who purchases, if you're a first time buyer you get significantly reduced stamp duty for example.