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Stamp Duty
Freyagirl
Posts: 89 Forumite
My partner is buying me out of the property we jointly own can anyone shed any light on if he will have to pay stamp duty, we have been told because we aren't married he will be liable for stamp duty and wouldn't have been if we were married but I thought those differences between cohabiting and married couples had been removed. Any advice gratefully received.
Thanks.
Thanks.
0
Comments
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if there is a mortgage outstanding on the property and his share of that debt is >£125,000 then yes he will pay SDLT on the amount he pays you
your idea re marriage is just plain wrong0 -
As 00ec25 says a proportion of the debt is counted in as “chargeable consideration”. It is added to the money he pays you for SDLT purposes. SDLT will be due if this total is over £125,000.
This will be his only property so the 3% surcharge and starting point of £40,000 will not be applicable?0
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