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Transferring from FTB to avoid stamp duty

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Comments

  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Ninth Anniversary 500 Posts Name Dropper Combo Breaker
    If it were that easy then do you not think everyone would be doing it 
  • theartfullodger
    theartfullodger Posts: 15,779 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Hardly patriotic at this time.  The country needs money 

    Do the decent, fair-play thing.  You know, good old British values.
  • SpiderLegs
    SpiderLegs Posts: 1,914 Forumite
    1,000 Posts Second Anniversary Name Dropper
    wilfred30 said:
    If your partner was paying £249,999 for the house, there wouldn't be any stamp duty to pay so maybe he should reduce his offer.
    That is not correct.
  • macman
    macman Posts: 53,129 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    edited 9 February 2021 at 1:31PM
    If it was legal, then there would be a thriving business in buyers recruiting pre-FTB's to front their purchases for them for a small fee.
    No free lunch, and no free laptop ;)
  • wilfred30
    wilfred30 Posts: 878 Forumite
    Fifth Anniversary 500 Posts Name Dropper
    SpiderLegs said:
    wilfred30 said:
    If your partner was paying £249,999 for the house, there wouldn't be any stamp duty to pay so maybe he should reduce his offer.
    That is not correct.
    I'm very sorry for causing confusion.  It is obviously not correct - think I must be having a 'senior moment'  :D
  • NinjaTune
    NinjaTune Posts: 507 Forumite
    Tenth Anniversary 500 Posts Photogenic Name Dropper
    As has been pointed out, this is a really bad idea.  Added to what's been said, in the unfortunate event of you and your partner splitting up you would have forfeited your FTB status and all the incentives associated with it.

    If your partner has £250,000 in cash to buy a house then surely he can find another £2,500 to cover stamp duty?  Do you have any savings you could contribute towards SDLT costs?  If not then maybe he can try to negotiate a slight reduction on the purchase price to help towards it.
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