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Unregistered said:I am thinking selling my house to a friend of mine. To reduce the stamp duty we were thinking of doing a deal to have the offical price less than market value. Then have the balance paid separetly. Is there any drawback to this. I know that if the house is used as an investment at a later date, more CGT will be due. Any comment are welcome
dilemma said:Hi MandaC,
Many thanks for your very informative posting. I'm thinking of swopping properties with the possibility of a price differential either side. I saw a later posting from Clubman mentionning that you pay half the stamp duty rate for a swop, then I saw another mentioning that you only pay it on the differential? Is it possible that you could clarify this for me?
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