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Stamp duty on lease ext and purchase

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  • Stamp duty on lease ext and purchase

    Hello

    We made an offer on a flat at £250,00 and were told that it had a 92 years lease. It transpired it was 72 year lease and we asked vendor to extend. They agreed if would contribute towards costs. We preferred this option that taking forward the lease ext. ourselves so we negotiated this down to £7k.

    The EA informed us that we would only need to pay 1% on the purchase price but not on the contribution to the lease ext.

    Our solicitors advised us that we would need to pay 3% stamp duty on £257,000.

    EA now asking us to seek a 2nd opinion as they disagree with our solicitor's advice.

    I'm not looking for ways to avoid Stamp Duty. I'm just keen on understanding on who is right.

    thanks
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