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Accountant@Work
[email protected], Accountant
Category: Tax
Satisfied Customers: 436
Experience:  Executive Director at [email protected]
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I am acting as a guarantor, will I need to pay stamp duty?

Customer Question

I am acting as a guarantor, will I need to pay stamp duty?
JA: Have you talked to a tax professional about this?
Customer: No
JA: Is there anything else the Accountant should know before I connect you? Rest assured that they'll be able to help you.
Customer: I don't think so
Submitted: 8 days ago.
Category: Tax
Expert:  [email protected] replied 8 days ago.

Hi, welcome to JustAnswer. I'm [email protected], a UK-Qualified Chartered Certified Accountant with over 15 years of experience. I'll be answering your question today.

Expert:  [email protected] replied 8 days ago.

Stamp duty is payable by the named purchaser,

Expert:  [email protected] replied 8 days ago.

HMRC will always chase the named owner for stamp duty.

Customer: replied 8 days ago.
Thank you
Expert:  [email protected] replied 8 days ago.

However, your liabilities to individuals as per the guarantor agreement is dependent on your terms. You would need to obtain a legal opinion on it.