Rented property & Stamp Duty?

[anonymous-user]

If a property is currently rented out and they decide to sell up are there tax incentives for the land lord if they offer to pay SDLT? How about on a normal sale? I'm trying to get my head around why the vendor would rather pat SDLT than knock the SDLT amount off the purchase price! Cheers

[The Moose]

Probably do waynette can say to Wayne

"look dahhhhlin. Lets pick dis. We wont [they wouldn't get the apostrophe right] paaaay anyfin but da askin price init"

HTH

[Mr GrimNasty]

Dave_ST220 said:

If a property is currently rented out and they decide to sell up are there tax incentives for the land lord if they offer to pay SDLT? How about on a normal sale? I'm trying to get my head around why the vendor would rather pat SDLT than knock the SDLT amount off the purchase price! Cheers

If the house was reduced by the SDLT liability, would it take it under the applicable liability threshold? They're not ACTUALLY paying the SDLT are they - they are just doing a cash back offer equivalent to. If they just reduced the sale price, the buyer would still have to pay a wedge of SDLT in most circumstances - so not much point. As a business, a landlord, yes I expect less profit or an offset amount can be taken advantage of to some extent at some point in the books - but I don't think that is the main motivation. The main point is just to make the sale more attractive to the buyer.

[anonymous-user]

That was my thinking exactly, marketing

Cheers