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First time buyer stamp duty

Arnie5
Posts: 4 Newbie

Hi,
I am a first time buyer but my partner is not. If I buy a property for us both to live in do I have to pay stamp duty because it is a home for both of us?
I am a first time buyer but my partner is not. If I buy a property for us both to live in do I have to pay stamp duty because it is a home for both of us?
0
Comments
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Unless you are married, no.1
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And assuming you are genuinely buying it solo i.e. not if your partner has a beneficial interest because they're chipping in money as well.2
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We are married so this would mean I would have to pay stamp duty then/0
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Arnie5 said:We are married so this would mean I would have to pay stamp duty then/
If so then the extra 5% might apply and FTB relief then goes. That is because the 5% surcharge rules treat a spouse as being a joint buyer, even where they are not.
But if the extra 5% does not apply, then the FTB rules do not bring in a spouse in the same way. So if it is all your money and all your property, then you could qualify for the relief.0
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