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stamp duty question
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AnitaFerr
Posts: 1 Newbie
Can anyone help me with this.
Have daughter with Cerebral palsy - buying her Ground floor flat nearby to my home so I can assist her with care needs. Do I really have to pay the more than one property stamp duty rate as I own my current home as well. Me getting her to property takes her off housing benefit where she currently lives and into a property whereby she wont have to claim HB anymore but my penalty for that is to be whacked with 10k stamp due bill on a £250k property. I am getting a Dependants mortgage for the property and placing large deposit funds. I really don't want to put the property in her name I feel she is to vulnerable to have a property in her name that someone else could take advantage of her.?
Have daughter with Cerebral palsy - buying her Ground floor flat nearby to my home so I can assist her with care needs. Do I really have to pay the more than one property stamp duty rate as I own my current home as well. Me getting her to property takes her off housing benefit where she currently lives and into a property whereby she wont have to claim HB anymore but my penalty for that is to be whacked with 10k stamp due bill on a £250k property. I am getting a Dependants mortgage for the property and placing large deposit funds. I really don't want to put the property in her name I feel she is to vulnerable to have a property in her name that someone else could take advantage of her.?
0
Comments
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AFAIK there are no exemptions from stamp duty, but of course the best advice will come from the solicitor dealing with the purchase.0
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