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Stamp duty
mizzbonita
Posts: 93 Forumite
My partner and I are buying a house together which will be our main residence. I don’t own other property but my partner does which he rents out. Do we pay the higher rate of SDLT?
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Comments
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What are your partners current residential arrangements? If owner, is he selling main residence?I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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If he is selling a main residence and you are buying a main residence for you both, then probably not. Your solicitor should get it right. The higher rate is usually on the second property not the first.0
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He recently sold his main residence and we are just awaiting the purchase of our new main residence which has taken longer than expected!0
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mizzbonita said:He recently sold his main residence and we are just awaiting the purchase of our new main residence which has taken longer than expected!As long as you complete the purchase of the new main residence within 3 years of him completing the sale of his previous main residence then condition D is not met, therefore the higher rate of SDLT will not be due.
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