Sellers Questions
Sellers QuestionsWho needs to pay the stamp duty? The seller or the buyer?
The laws and rules in the particular jurisdiction
where the property is located determine whether stamp duty must be paid on a
real estate transaction. The cost of stamp duty varies by location; in some,
the buyer is responsible for it, while in others, the seller is.
The payment of stamp duty is frequently a topic of
discussion between the buyer and seller as part of the sales agreement. To find
out who is liable for paying the stamp duty in your particular circumstance,
speak with an estate agent or barrister in your area.
The amount of the tax, known as stamp duty, varies depending on the area and the value of the property being purchased. It is a crucial step in the buying and selling of real estate and must be paid for the transaction to be legally acknowledged.
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