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Share Ownership Stamp Duty
thorsfield
Posts: 2 Newbie
Hi All,
I have a similar query from a post that I saw at the begging of the week regarding stamp duty on a share equity property.
I completed in October 2017 however I since believe that I have been overcharged on my stamp duty after reading the government website and relevant posts on this forum.
I originally purchased in 2015 50% share for £87,500 from market value of £175,0000
As mentioned above, In October 2017 I since completed to by 100% with the market value of £200,000 paying an additional £100,000
Before the completion I paid Zero Stamp Duty.
Thank you in advance
I have a similar query from a post that I saw at the begging of the week regarding stamp duty on a share equity property.
I completed in October 2017 however I since believe that I have been overcharged on my stamp duty after reading the government website and relevant posts on this forum.
I originally purchased in 2015 50% share for £87,500 from market value of £175,0000
As mentioned above, In October 2017 I since completed to by 100% with the market value of £200,000 paying an additional £100,000
Before the completion I paid Zero Stamp Duty.
Thank you in advance
0
Comments
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So how much SDLT did you pay in October 2017?0
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Sorry to be pedantic, but shared ownership and shared equity are totally different beasts and have totally different SDLT treatment, so clarifying your situation first would be a good idea...thorsfield wrote: »regarding stamp duty on a share equity property
Intended more for future confused readers.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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