Stamp Duty Chargeable Consideration

Hi, I bought a new build flat from a developer. They provide cash incentives and deducted these from total payment amount (purchase price remains the same but I pay less than the purchase price thanks to the cash incentives). In this case, what would the stamp duty is based on? Purchase price or actual payment I would make after deducting cash incentives?

Hi,

Please contact the Stamp Duty Land Tax team for advice.

Stamp Duty Land Tax

Thank you.