Home Owners > Buying and Selling

The cost of Stamp Duty

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Philofacts:
If you increase the price the amount of stamp duty also increases.
Only carry out improvements that will give YOU a benefit - dont just do it for a paper "profit"

FirstTimeBuyerGuru:
Absolutely. I personally hate conservatories! Although I like them when it's raining, but in general I feel like im in a greenhouse!

The Prophet:
Conservatories also take away some of a value asset  - your garden.

Banjo:
I would never buy a property over the 1% rate for Stamp Duty.
I would want a reduction in the price to cover the additional Stamp Duty I would pay.

FirstTimeBuyerGuru:
Some buyers and sellers actually personally agree a secondary transaction for something spurious like the furnishings in the home, thus allowing the seller to sell for less but recoop some of the costs the buyer would have paid in stamp duty.

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