Stamp duty on House swap

Posted by PamCadbury PM | on Wed, 02/05/2001 - 19:17 1905 1 comment | report

I am entering in to a house swap arrnagement. Is Stamp duty payable on both transactions? I have been told that stamp duty is only payable on the House with the greatest value and duty of £5 is only payable on the other house? Is this correct?
Pamela Cadbury

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relevant references

cbales | Thu, 03/05/2001 - 10:19