03 October 2001
Stamp duty practices
In his article in Taxation, 2 August 2001 at page 442, under the heading 'Professional fees payable by purchaser', Matthew Hutton commented that if the purchaser of a property were to pay the vendor's solicitors' fees, that would constitute part of the consideration for stamp duty purposes. While correct as a matter of law, it has been pointed out that this is not a point taken in practice by the Stamp Office. The transfer document will state the price paid for the property and it is on this that stamp duty is payable.
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