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SDLT declaration for stamp duty
cherry76
Posts: 1,038 Forumite
How do you complete this form if you are buying a flat with a share of freehold.esp the part related to seperately living accommodation , self contained or multiple flats. It’s a conversion of eight flats. Wonder whether the solicitor will charge me for asking. He charges £250 an hr if complicated.
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Comments
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Which form are you talking about? If you're only buying one flat then you are only buying one residential property, the fact you're getting a share in the freehold (company?) thrown in as well doesn't come into it.1
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As user says, you are not getting a share of the freehold. That will be owned by a separate limited company, and the owners of the flat own a share in the freehold company.
For your purchase you are effectively making two purchases. One is the leasehold flat, and the other is the share in the freehold company. You only need to fill out the SDLT form in respect of the flat. There’s no SDLT on the share in the company - I assume because it is being transferred at nil cost.No reliance should be placed on the above! Absolutely none, do you hear?1
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