Idiots guide please

getmore4less

The OP may have bought the house and let her brother live in it but that would mean their circumstances were very different to now earning £23.5k

it is not uncommon for people to think they own a property,like when they inherit 1/2 a house from a parent but there is a life interest for the spouse meaning they don't own it.

I wonder if something similar may have happened here the OP inherited the house but there is a right for the brother to live there.

AnotherJoe

Good point. I'm not sure if there are exemptions from the extra 3% in those sort of cases?

getmore4less

AnotherJoe wrote: »

Good point. I'm not sure if there are exemptions from the extra 3% in those sort of cases?

There are, that's why I have brought it up.

The key is beneficial interest not legal interest.

LK78

Thanks for the answers/questions all.

I own the house 100% from a divorce settlement. Nothing to say my brother has to live there, that is my choice

Thanks

AnotherJoe

Then back to square one, extra 3% SDLT is liable.