Stamp duty valuation is the scrutiny of tax paid on the transfer of an asset, such as real estate, between two parties. A stamp duty valuation is generally carried out where there is a relationship between the two parties. The valuation will provide the correct figure on which the duty will be assessed.
Important Points to consider:
- Stamp duty is payable on most transfers whether or not the transfer was for monetary consideration. However, there are some exceptions. The amount payable is pro rata on the value of the asset.
- No stamp duty is payable and the transfer need not be marked for changes in tenancy. That is, from joint tenants to tenants in common in equal shares or from tenants in common in equal shares to joint tenants.
DK Property Professionals are available to serve your demands and provide you the best possible solution to sort your issues and make you feel relaxed and satisfied.