Stamp Duty - Gifts
I am aware that a gift into a trust of a property is exempt from stamp duty.
If a porperty is purchased at undervalue (eg father sells son house for £50,000 but is worth £200,000), for CGT purposes it is treated as being at the market rate.
But for stamp duty can somone please confirm if this is treated as the market rate or the actual amount paid ?
I thought it was the consideration, but a colleague swears blind its the market price.
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