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Stamp duty rate help
Hannahs2
Posts: 1 Newbie
Hi there. I hope somebody can offer some advice. I am in the process of buying my first property in the U.K with my partner. However I own a share of a house in France. My share is approx £22,000. Does this mean that we need to pay the higher rate stamp duty or because it is under £40,000 does it not count. Have asked 2 solicitors, one said we will need to pay it as the house is not in the UK and the other says we wouldn't. Have looked at the guidance online and on other sites and again getting contradicting answers. I hope somebody can help. Thank you 
0
Comments
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If your share is under £40k then no you don't have to pay the higher rate.
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/570876/SDLT_Higher_rates_for_additional_properties.pdf
Condition C on pages 8-9 is what you need to read.
The fact that it is in a different country doesn't matter. If your interest exceeded £40k then you'd have the pay the higher rate.0
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