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3% Stamp Duty
Rumana03
Posts: 214 Forumite
Hi,
I own a buy to let property which I owned since before I got married. My husband is now in the process of buying a property in his name only. The solicitor insists that my husband does not need to pay any stamp duty. My husband has explained about the property I own but yet the solicitor says no he does not need to pay the stamp duty as he is a first time buyer. The solicitor is wrong?
I own a buy to let property which I owned since before I got married. My husband is now in the process of buying a property in his name only. The solicitor insists that my husband does not need to pay any stamp duty. My husband has explained about the property I own but yet the solicitor says no he does not need to pay the stamp duty as he is a first time buyer. The solicitor is wrong?
0
Comments
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Yes the solicitor is wrong. If you were unmarried partners, he would be right, but....
1 -
Yes, the 3% extra SDLT will be due on your husband’s purchase if:Rumana03 said:Hi,
I own a buy to let property which I owned since before I got married. My husband is now in the process of buying a property in his name only. The solicitor insists that my husband does not need to pay any stamp duty. My husband has explained about the property I own but yet the solicitor says no he does not need to pay the stamp duty as he is a first time buyer. The solicitor is wrong?
He is buying a residential property
At the time of completion you still own a residential property worth £40,000 or more
You are married to each other at the time and not separated
There is not another sale / disposal he can rely on of a property he has lived in within the last three years.
This should be basic stuff for a conveyancing solicitor!1 -
It may be even more than that...
It's not just 3% on extra properties it's an additional 3% on top of the standard rate.
As you are married and already own a property your husband no longer counts as a FTB.
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Yeah sorry the title made is seem like 3% but yes it is more than that. We have done the calculations.Slithery said:It may be even more than that...
It's not just 3% on extra properties it's an additional 3% on top of the standard rate.
As you are married and already own a property your husband no longer counts as a FTB.0
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