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Stamp duty for new house

Can I pay the stamp duty from the sale of my old house, for my new house? When contracts are signed, or is this tax expected up front? Thanks for all your help on previous questions

Asked on Oct 21 2010, Home Finance in Salisbury | Report content

Answers (2)

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  • Yes you can use the equity in your current property to pay stamp duty on completion, make sure that you have enough for your deposit. Stamp duty is 1% between £125 - £250,000, 3% £250,000 to £500,000 and 4% above rising in April to 5% over one million, Good luck in your new home.

    Answered on Oct 23 2010, Report content
  • Mark is right, equity can be used to satisfy the liability.

    Answered on Oct 26 2010, Report content

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