Unlike when purchasing a traditional home, stamp duty is not required when purchasing a park home. This is due to the fact that stamp duty is a tax on the land being bought, but when you buy a park home. You are not actually purchasing the land on which the home sits – instead, you get the right to stay on the plot in perpetuity.
Stamp duty is levied on the purchase of residential or commercial property or land in the United Kingdom. When you buy a holiday home, static caravan, or similar property, you are simply acquiring the property itself, not the land it sits on. As a result, stamp duty is not (usually!) applicable. There is no stamp duty on the acquisition of a vacation home, lodge, mobile home, or caravan. Most of the time, you’re buying the property, not the ground on which it sits.
Although estate agency fee has to be paid, park homes are often exempt from stamp duty. Park homes can also be acquired without the need of a solicitor, but this is recommended when purchasing a pre-owned home.
More information can be found on the Government website: Stamp Duty Land Tax Manual (SDLTM10023 – Mobile Homes, Caravans and Houseboats)
Pathfinder Homes are not a park we are a manufacturer of park homes and lodges, this blog post is for information purposes and may differ depending on the park or where you choose to site your property.
