How much Stamp Duty?

Now since he isn’t involved in the purchase of the property, they effectively have two businesses and since we are buying the building it becomes an investment opportunity, not a business and vat is payable on the value of that building, in this case, requested to be £515,000. That’s a lot of VAT, and a lot of Stamp Duty. Now the VAT is coming back to us but we simply did not have that kind of cash available to us, and we doubted that LloydsTSB would be willing to cough up.