Question:
Is full Stamp Duty required on a house swap between family members?
Arthur Weller Replies:
Yes, full Stamp Duty Land Tax (SDLT) is required on a house swap between family members.
This can be seen on page
http://www.hmrc.gov.uk/manuals/sdltmanual/SDLTM04020.htm of the HMRC Stamp duty land tax manual and the third example of the examples there (at the bottom of the page). A is deemed to pay the value of B’s house in order to acquire B’s house, and B is deemed to pay the value of A’s house in order to acquire A’s house.
