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SDLT on remortgage
Alextpldn
Posts: 12 Forumite
in Cutting tax
Hi,
I am the sole owner of my house and I am currently re-mortgaging. My wife will now be added to the Deed. The outstanding mortgage is circa £460,000 and she owns another property.
I am the sole owner of my house and I am currently re-mortgaging. My wife will now be added to the Deed. The outstanding mortgage is circa £460,000 and she owns another property.
Will we/she have to pay any stamp duty or second home stamp duty?
Your help would be much appreciated.
A
Your help would be much appreciated.
A
0
Comments
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Hi Jeremy,Jeremy535897 said:
Appreciate you're help here, but I do not think in necessarily relates to my situation?
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The transfer to your spouse is at the price "paid", which will be half the mortgage as that is what she will be taking over. The higher rate of stamp duty does not apply to inter-spousal transfers like this.0
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