PLEASE READ BEFORE POSTING

Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.

SDLT declaration for stamp duty

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.

Comments

  • user1977
    user1977 Posts: 13,342
    First Anniversary First Post Name Dropper Combo Breaker
    Forumite
    edited 7 February at 5:26PM
    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.
  • GDB2222
    GDB2222 Posts: 24,331
    Name Dropper First Post First Anniversary
    Forumite
    edited 7 February at 6:38PM
    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?
Meet your Ambassadors

Categories

  • All Categories
  • 341.8K Banking & Borrowing
  • 249.7K Reduce Debt & Boost Income
  • 449.2K Spending & Discounts
  • 233.9K Work, Benefits & Business
  • 606.1K Mortgages, Homes & Bills
  • 172.5K Life & Family
  • 246.8K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 15.8K Discuss & Feedback
  • 15.1K Coronavirus Support Boards