Yes, in most cases, you have to pay stamp duty when selling a house. Stamp duty is a tax imposed by the government on the transfer of property ownership. The amount of stamp duty varies depending on the property's value and location.
The Home buyer has to pay a certain amount of money as stamp duty on the loan amount, which is known as stamp duty loan. Percentage of stamp duty loan depends on the value of the residential property that the buyer is buying. Paying stamp duty is compulsory while purchasing a residential property as its registration.
Sales people that are selling loans have a duty to make sure the person can afford he loan and pay it back. The duty to the borrower is more of a moral duty, but the duty to the bank is legal.
If the house is your main residence, NO. If however it is a second home or another property you own (say to let out), YES.
Only if the insured incident occured before the sale of the house (and the claim placed prior to sale). It is at the date of the claim not relevant to selling.
When you sell your home all liens against the property have to be paid so you will have to pay off the second mortgage at the closing.
no
do I have to pay stamp duty on a retirement unit, it is in Glenvale Gardens Toowoomba
no the tenant is not obligated to pay the stamp duty or the land tax it is an obligation on the part of the owner or land lard to pay it
The Home buyer has to pay a certain amount of money as stamp duty on the loan amount, which is known as stamp duty loan. Percentage of stamp duty loan depends on the value of the residential property that the buyer is buying. Paying stamp duty is compulsory while purchasing a residential property as its registration.
The liability of paying stamp duty is that of the buyer unless there is an agreement to the contrary. Section 30, of Bombay Stamp Act, 1958 states the liability for payment of stamp duty. For More Information Visit : stampdutyregistration.com
Yes, you may pay income tax for selling your new home in Toronto.
That is the question !
Depends. Are you selling pipes acquired legally, or were they stolen from someone's vacant house, like mine were in the house I'm selling?
Sales people that are selling loans have a duty to make sure the person can afford he loan and pay it back. The duty to the borrower is more of a moral duty, but the duty to the bank is legal.
Yes, it can be shared if mutually agreed by both the party. Normally the mortgagor pay the duty. C P Sagar
Not at all buddy. Auto loans have nothing to do with ur house.
The average Brit paide TWENTY-SIX TIMES as much tax as the average Yank. Including Stamp duty. Some people don't know when they're well off.