What happens if the purchase includes items such as equipment as well as the premises?

 

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14. What happens if the purchase includes items such as equipment as well as the premises?

The purchase contract will include both the premises and the equipment. Stamp duty land tax is only payable on the value of the premises (see 5).

You will need to check that the vendor owns any equipment being sold, and that there are no leases or hire purchase contracts. You will also want to check whether there are any warranties or guarantees and whether they can be transferred to you.