Stamp Duty - that old chestnut

Cheeky_Monkey

SueC wrote: »

Only security in the case of his death really. He has grown up children from a previous marriage, so if we are unmarried, and I own no part of the house, then it would go to them by default, and I would be homeless.


I guess that could all be addressed in his will, but frankly, if I have contributed nothing financially, why should I get it on his death? It would be only right for his kids to inherit what he has paid for.

And yet it would seem that is exactly what you are trying to prevent.

You already own two houses so you wouldn't exactly be homeless.

The simple solution would be for your partner to write a Will stating that you can continue living in his house for a period of 6 to 12 months after his death to give you time to get your tenants out of your house and move back in.

Doozergirl

Cheeky_Monkey wrote: »

And yet it would seem that is exactly what you are trying to prevent.

You already own two houses so you wouldn't exactly be homeless.

The simple solution would be for your partner to write a Will stating that you can continue living in his house for a period of 6 to 12 months after his death to give you time to get your tenants out of your house and move back in.

Er, harsh. My husband's will doesn't give me 6 months to move out before the kids get his share! :eek:

It is absolutely fair that someone's spouse has a lifetime interest in their own home. The kids can inherit later.

It was complicate enough writing our will when the kids are our own. It's really important that people are treated fairly when they aren't.

SueC_2

Cheeky_Monkey wrote: »

The simple solution would be for your partner to write a Will stating that you can continue living in his house for a period of 6 to 12 months after his death to give you time to get your tenants out of your house and move back in.

Which is exactly what we have agreed. Regardless or not of how much money I have put into the house or how long it has been my home as well as his. I'm not sure why you would think I am doing otherwise.


The point of this thread was to seek advice about Stamp Duty, not to give people an opportunity to moralise about my intentions. The less of my money I give to HMRC, the more I can give to my partner's children!


Thanks for your thoughts though.