We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
2nd home stamp duty
LuLuTuTu
Posts: 6 Forumite
Hello everyone. wondered if i can get some advice. I own a property myself and would like to buy one with my partner and we would move into it making the new one our main residence. I will be renting the old one out (and paying tax on any income myself).
The property we intend to buy is my second one but will be the only one my partner owns. Are we still liable to SDLT at the 2nd home rate for 100% of the purchase price or is it just on my portion of the purchase? We are not married and have owned and sold a propery together many years ago. Thanks!
The property we intend to buy is my second one but will be the only one my partner owns. Are we still liable to SDLT at the 2nd home rate for 100% of the purchase price or is it just on my portion of the purchase? We are not married and have owned and sold a propery together many years ago. Thanks!
0
Comments
-
One of the joint owners (you) will be a 2nd home owner (and not eligible for discounting that, as not disposing of current main residence).
Therefor the new purchase will be subject to the additional 3% on the full purchase price.0 -
Please tell us more about the property you owned together and sold many years ago.
Did you live in it? If so for how long?
When did you sell it? Was that before or after you bought the one you live in now?0 -
Here is a link to a prototype online tool designed to take you step by step through the issues as to whether the higher rates of stamp duty land tax apply to a property transaction involving additional properties, second homes or a purchase by a company: https://goo.gl/forms/hlDDDgK1EOK2dm583 It should help you work out if the 3% surcharge to SDLT applies to your purchase.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.1K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.7K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards