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Stamp Duty Joint Purchase

ThomasAsh
ThomasAsh Posts: 4 Newbie
in House buying, renting & selling
My girlfriend and I are looking to buy a property as our main residence.
Currently we do not live together
I own one property which is BTL which I will be keeping
My girlfriend does not own any property.

When we purchase the property I understand I will be liable to pay stamp duty as it is a second property.
Will we be viewed as a single unit by HMRC and both have to pay stamp duty?

Comments

  • anselld
    anselld Posts: 8,738 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    You are not viewed as a single unit. However, if the surcharge conditions apply for any individual in a joint transaction then the whole transaction is liable.
  • ThomasAsh
    ThomasAsh Posts: 4 Newbie
    As I am liable then we both will?
    For example if the joint purchase price is £100,000 then 3% (£3000) will be payable by both parties?
  • anselld
    anselld Posts: 8,738 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    ThomasAsh wrote: »
    As I am liable then we both will?
    For example if the joint purchase price is £100,000 then 3% (£3000) will be payable by both parties?

    The £3000 liability is on the transaction so it is only paid once. It doesn't matter how you split the bill between you.
  • getmore4less
    getmore4less Posts: 46,882 Forumite
    Part of the Furniture 10,000 Posts Name Dropper I've helped Parliament
    ThomasAsh wrote: »
    As I am liable then we both will?
    For example if the joint purchase price is £100,000 then 3% (£3000) will be payable by both parties?

    stamp duty is on the property and the consideration for that property not individuals

    £3k in total
  • csgohan4
    csgohan4 Posts: 10,607 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Make sure you set things in stone before signing i.e if the relationship should break up how much of the house she could get e.t.c
    "It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"

    G_M/ Bowlhead99 RIP
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