Stamp Duty on probate properties.

fattmatt

Hi all.

I might be looking to buy a property through a private sale which is being sold as part of the estate of a deceased person.

Someone mentioned that the HMRC don't charge stamp duty on probate property sales.

However, I can find any info online.

Does anyone know if this is the case?

Cheers!!

Fattmatt

Covered_End_Lad

I didnt think it made a difference, might be wrong though.

Chizz

Who are you buying the property for? 

If it's for yourself, stamp duty will be due. 

If you're buying it for a property investment company... 

...and the person who died lived in it as their only residence during the two years before they died... 

...then the property sale could be exempt from stamp duty 

SoundAsa£

Chizz said:

Who are you buying the property for? 

If it's for yourself, stamp duty will be due. 

If you're buying it for a property investment company... 

...and the person who died lived in it as their only residence during the two years before they died... 

...then the property sale could be exempt from stamp duty 

There’s a f’ing football match going on!!!

Chizz

SoundAsa£ said:

Chizz said:

Who are you buying the property for? 

If it's for yourself, stamp duty will be due. 

If you're buying it for a property investment company... 

...and the person who died lived in it as their only residence during the two years before they died... 

...then the property sale could be exempt from stamp duty 

There’s a f’ing football match going on!!!

Not sure HMRC take that into account when calculating stamp duty

shine166

So if you want to purchase and move in it, you pay more.... but if you're minted and buying it to charge someone more than the mortgage payments then you dont have a fee ? 

... that sounds fair