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Second Home Tax Confusion. Please Help!
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Arlenehardacre
Posts: 4 Newbie
Mass confusion due to the new second home tax legislation...
I currently own a home with my ex parter that is rented out with consent to let.
My husband has never lived in the house that I own, and is now looking to purchase his first house that we will live in together. Due to previous arrears on my mortgage this will be a sole purchase in his own name.
My own solicitors are telling us that my husband doesn't need to pay the second home tax as he has never lived in the house that I own, but his solicitors are saying that we do because we are married and I already own property.
Can anybody clarify?? Alternatively, where do we go to ask?
I currently own a home with my ex parter that is rented out with consent to let.
My husband has never lived in the house that I own, and is now looking to purchase his first house that we will live in together. Due to previous arrears on my mortgage this will be a sole purchase in his own name.
My own solicitors are telling us that my husband doesn't need to pay the second home tax as he has never lived in the house that I own, but his solicitors are saying that we do because we are married and I already own property.
Can anybody clarify?? Alternatively, where do we go to ask?
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Comments
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His solicitor is correct.0
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You need a new solicitor. His solicitor is correct.Arlenehardacre wrote: »Mass confusion due to the new second home tax legislation...
I currently own a home with my ex parter that is rented out with consent to let.
My husband has never lived in the house that I own, and is now looking to purchase his first house that we will live in together. Due to previous arrears on my mortgage this will be a sole purchase in his own name.
My own solicitors are telling us that my husband doesn't need to pay the second home tax as he has never lived in the house that I own, but his solicitors are saying that we do because we are married and I already own property.
Can anybody clarify?? Alternatively, where do we go to ask?:footie:
Regular savers earn 6% interest (HSBC, First Direct, M&S) Loans cost 2.9% per year (Nationwide) = FREE money. 0 -
Married people are counted as a single unit. So the higher SDLT rates are due. Given the simplicity with which this can be found out, and the fact any solicitor dealing with conveyancing needs to know this, I'd find a new one. Your solicitor clearly doesn't care about CPD."Real knowledge is to know the extent of one's ignorance" - Confucius0
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