Warning : Difference between Amount paid/credited currently (B) and Stamp Duty Value (C) is more

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A user encountered a warning on their 26QB form because the 'Amount paid/credited' (B) was significantly higher than the 'Total stamp duty value' (C). The property value was £7,643,836, while the stamp duty value was £5,822,200, exceeding the 20% tolerance. After confirming the sale deed was registered and stamp duty paid on the higher amount, the advice was to either use the stamp duty value (C) if it's from the current date and accepted by the system, or to enter the amount paid (B) as the stamp duty value to resolve the warning.

Pravin Ghodake

Pravin Ghodake (Querist)
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23 September 2024 26QB query -
Total Value of Consideration (Property Value) = 7643836
Payment type* = lumpsum
Amount paid/credited currently (B) * = 7643836
Total stamp duty value of the property (C) * = 5822200

above values are taken from index 2. I am getting warning because value difference is more than 20 %. What should I need to do for this?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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23 September 2024 Have you registered the sale deed?
On what value stamp duty paid?

Message likes : 1 times

Pravin Ghodake

Pravin Ghodake (Querist)
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23 September 2024 Yes, registration is done.
stamp duty paid on 7643836 value.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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23 September 2024 If C is taken from index II of current date, it should be accepted by the system, as it is less than B.
If system is not accepting it, then fill value as per B itself.

Pravin Ghodake

Pravin Ghodake (Querist)
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25 September 2024 Ok Thanks !
Then I will add same value as consideration value in stamp duty
Amount paid/credited currently (B) * = 7643836
Total stamp duty value of the property (C) * = 7643836

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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25 September 2024 Correct..
Good Luck.

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