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Stamp duty query
michno8
Posts: 71 Forumite
My partner has just sold her house and is buying another one. I own mine outright and have no mortgage. It is in my name solely and will be left to my children. She has been told that because I have a home that she has to pay stamp duty on her new one. Is that correct. Thankyou
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Comments
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"Partner" meaning not married or civil partnered?
Your partner is buying in their sole name? (and you're not contributing to the price?)
"Has been told" by whom?1 -
No not married just girlfriends. The conveyancing solicitor added it onto their quote. So when questioned they said because I had a property she had to pay stamp duty on hers.0
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No not married just girlfriends. The conveyancing solicitor added it onto their quote. So when questioned they said because I had a property she had to pay stamp duty on hers.0
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Ok, either they assumed civil partners/married or they've just got it wrong. If you each independently own properties then it doesn't come into stamp duty calculations.0
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That is right, so long as OP is not a "joint purchaser" of the house with her. That could be if OP has an underlying share in it, even if only her name is to go on the registered title. Is OP putting in any capital to her purchase?user1977 said:Ok, either they assumed civil partners/married or they've just got it wrong. If you each independently own properties then it doesn't come into stamp duty calculations.0 -
No, Im not putting any capital into it. She is, buying outright with the money from the sale of her home. I own mine outright.1
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You’re not in Scotland are you where the applicable tax is LBTT not stamp duty?1
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Your post is contusing. Assuming it’s above the threshold, yes she’ll have to pay stamp duty whether she’s with you or not.
Unless you are querying whether solicitors have added she should be paying the extra 3% in England?2006 LBM £28,000+ in debt.
2021 mortgage and debt free, working part time and living the dream2 -
if you are not married or in a civil partnership and if you're each owning your own property (ie the other does not own part of it) then there is no extra 3% to pay
your partner will obviously have to pay the normal stamp duty depending on the price of the property she is fine0
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