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Stamp duty calculation
muswellblue
Posts: 57 Forumite
Hi,
I’m buying my brothers half of our house, I currently live in it and don’t own another property.
I’m buying my brothers half of our house, I currently live in it and don’t own another property.
The house is worth £370000. I don’t think I have to pay it on my 50% share.
So do I assume I only have to pay 2% of £60000, (£185000 minus £125000)?
0
Comments
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Yes, that sounds right. You do not have a spouse/ civil partner with a property?muswellblue said:Hi,
I’m buying my brothers half of our house, I currently live in it and don’t own another property.The house is worth £370000. I don’t think I have to pay it on my 50% share.So do I assume I only have to pay 2% of £60000, (£185000 minus £125000)?3 -
no just myself.0
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That sounds right, then. The property is in England? The rates you refer to are the stamp duty land tax rates for English properties.1
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Yes the property is in England.0
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