Landlord Discussion

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Re: Stamp Duty and Check out/in costs

From: Mark Trenfield
Date: 03 Nov 2002
Time: 16:15:16
Remote Name: 213.122.148.238

Comments

You only need to have tenancy agreements stamped [by the Inland Revenue] if the total rent exceeds £5,000. If the total rent is under £5,000 then NO DUTY IS PAYABLE TO ANYONE and the agreement doesnt need to be stamped at all.

If the contract rent exceeds £5,000 then there are differing stamp duty rules depending on whether the property is let furnished or unfurnished.

Contact me if you want to discuss further - mark@mlettings.com

Last changed: July 01, 2003