A new partner bought into a partnership pre April 2006. What exactly is Stamp Duty chargeable on?
He has paid £195k for the following - £85k for property, £80k for goodwill and £30k for F&F. These all represent 1/3 of total values.
Stamp Office want 1% on full amount but solicitor thinks only stampable item is property. As this is below threshold they say no Stamp Duty due.
Any thoughts? Remember pre April 2006!
(Aware of penalties etc.)
Martin Wardle