Stamp Duty

giggles

Can anyone tell me when you need to pay stamp duty for the purchase of a house? Is it at the time of purchase or is there a grace period to pay it?

Sponge Bob

contract signing time and your solicitor will collect it in full from you then.

Lex Luthor

giggles wrote:

Can anyone tell me when you need to pay stamp duty for the purchase of a house? Is it at the time of purchase or is there a grace period to pay it?

make sure you pay it on the pre-vat price

lomb

Sponge Bob wrote:

contract signing time and your solicitor will collect it in full from you then.

i signed and didnt pay anything, except the balance of 10%, i persume its paid to him pre completion, although i might tell him i dont have it but im good for it:D

giggles

giggles wrote:

Can anyone tell me when you need to pay stamp duty for the purchase of a house? Is it at the time of purchase or is there a grace period to pay it?

30 days from the date of the Transfer.

Sponge Bob

But is the solicitor not liable to stump up to the revenue once the 30 days are up, hence their entirely understandable wish to collect the stamp duty when collecting the mortgage and/or purchase funds from the purchaser

Sponge Bob

Sponge Bob wrote:

But is the solicitor not liable to stump up to the revenue once the 30 days are up

No, but if they have given an undertaking to the bank then they have to ensure the documents are stamped and registered to comply with their oblgations in the undertaking.