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Shared Ownership: Stamp Duty Mind Melt!

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  • OK, having searched some more, I think I've worked out the Additional tax calculation mentioned above from example 1 only applies to properties bought before 12 March 2008. Be great to know whether my other calculations are correct though.
    Also - I've now come across SDLT on 'Net Present Value of rent'. Can I ask whether this applies to staircasing in my case? My property was a new build with initial rent of £352.06 and service charge £155.07. 
    Many thanks!
  • ajk1
    ajk1 Posts: 6 Forumite
    First Post
    Hi All,
    Thanks to those on the thread for providing guidance on this murky topic.
    After several months, we finally have an offer and have accepted it ! 
    The ball is offically rolling.
    As a reminder on our case:
    • We bought a shared ownership flat in 2010 (lease started in 2007) as first time buyers.
    • We bought a brand new / 'new build' flat and were the first occupants.
    • We bought a 40% of a 410 K flat (The 40% share was valued at 164 k).
    • We are selling the flat at 600 k (The 40% share is now worth 240 k)
    • We couldnt sell via the Housing Association (they could not find a buyer)
    • We are selling through a Estate Agent (100% on market)
    • We do not see anything in the lease which relates to Stamp Duty
    I recall from earlier conversations that, there are 2 ways we can proceed:
    • Staicase, then sell (will or can result in SDLT)
    • Sell, Staircase (pay no SDLT)

    Are there any other considerations here?
    Am I correct in saying that this is standard practise and that a conveyancer understands this process?
    Or do I need to find specialist conveyancers ?

    Thanks in advance 
    K
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