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Stamp duty in transfer of equity
Tabby24
Posts: 1 Newbie
My partner and I are in the process of remortgaging. We had to remortgage in my name only due to his bad credit rating, so there will be a transfer of equity. Will this be subject to stamp duty???
The value of his share being transferred is £115k (£80k mortgage and £25k equity)
Is stamp duty calculated on on the share? Or on the total house value (£210k)
Feeling confused, any advice gratefully received!
We'll complete after sdlt holiday ends...
The value of his share being transferred is £115k (£80k mortgage and £25k equity)
Is stamp duty calculated on on the share? Or on the total house value (£210k)
Feeling confused, any advice gratefully received!
We'll complete after sdlt holiday ends...
0
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