Transfer Deed Money

[Stevey40]

Do you ever get your transfer deed money back ? Like when you sell your property do the new owners pay for the deeds to you or the government , or is it a one off fee in the beginning ?
Thanks

[Nigel Howarth]

Hi Stevey40

No you don't get your money back. The Property Transfer Fees are a tax that you pay to the government when a property changes hands. (It's the local equivalent of the Stamp Duty Land Tax (SDLT) that you pay in the UK when you purchase a property.)

However, when you sell your property Property Transfer Fees are an allowable expense that you can use to reduce your Capital Gains Tax liability.

Regards & Happy New Year,