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Stamp duty calculation
Russyarnold
Posts: 32 Forumite
Hi,
I'm married but current home is wholly owned by my other half.
I'm thinking of buying my first property (never owned any property in my life) in February 2022 that's going to cost 400k that's going to be only on my name.
Can anyone help how much sldt I may pay?I checked on internet but it's not clear.
I'm married but current home is wholly owned by my other half.
I'm thinking of buying my first property (never owned any property in my life) in February 2022 that's going to cost 400k that's going to be only on my name.
Can anyone help how much sldt I may pay?I checked on internet but it's not clear.
0
Comments
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As you are married, you are classed as connected even if you don't own the current property with your wife. You would therefore pay the second home stamp duty level. Makes no difference if you are a first time buyer. Your stamp duty would be £22,0003
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In the vast majority of cases, married couples are deemed as one for SDLT. +3%.
The main exceptions are around you and your OH being permanently separated.3 -
Kyresa said:As you are married, you are classed as connected even if you don't own the current property with your wife. You would therefore pay the second home stamp duty level. Makes no difference if you are a first time buyer. Your stamp duty would be £22,000
Thank you both. It's clear now.....AdrianC said:In the vast majority of cases, married couples are deemed as one for SDLT. +3%.
The main exceptions are around you and your OH being permanently separated.0
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