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Am I eligible for stamp duty holiday?
ultim
Posts: 25 Forumite
Hi,
I’m married. We both have a separate mortgage each under our name.
I’m looking to sell and buy a new house. Am I eligible for the stamp duty?
Thanks
I’m married. We both have a separate mortgage each under our name.
I’m looking to sell and buy a new house. Am I eligible for the stamp duty?
Thanks
0
Comments
-
You and your other half both own a property ?
Your selling your property but your OH is keeping there property.
Are both names going on the new place ?0 -
Yes, everybody gets the basic stamp duty holiday. But I suspect your question is actually "Do I pay the +3%?" - there is no holiday on that...
You (singular) own A.
Your spouse owns B.
You (singular) are selling A and buying C.
Where do you live now? Where will you live at the end?2 -
My wife has a mortgage under her name at her parents house. She’s not looking to sell it.
She currently live with me at my house under my name. I want to sell and buy another house. She will continue to live with me.
Buying under joint names or just me on my own doesn’t matter. Whatever options which allows me to not pay any stamp duty under 500k house0 -
So your primary residence is A now, and will be C at the end. No +3%, then.ultim said:My wife has a mortgage under her name at her parents house. She’s not looking to sell it.
She currently live with me at my house under my name. I want to sell and buy another house. She will continue to live with me.
Buying under joint names or just me on my own doesn’t matter. Whatever options which allows me to not pay any stamp duty under 500k house
You're married, so whether you buy jointly or not doesn't matter.
Her ownership of B may make her getting a mortgage on C difficult, assuming it's a normal residential mortgage.
Are the lender aware she does not live there?
Do her parents pay anything towards the ownership or maintenance of that house?
Does she comply with all the legal requirements of being a landlord?
The +3% may be the least of your issues...0
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