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Stamp Duty
ElSteverino
Posts: 4 Newbie
in Cutting tax
I have never owned my own property, only rented. I may be buying a property soon, for just under £300K. I may purchase the property outright with my savings/Inheritance.
My girlfriend owns her own property and will have to sell it before joining me in the new property, giving me half the purchase price and having her name put on the Deeds.
Being that she is not a First Time Buyer, but I am, will we have to pay Stamp Duty retrospectively ?
I can't help thinking that HMRC will presume that we are trying to avoid paying Stamp Duty and either charge or fine us.
Do any of the Money Savings Experts on the Forum know where we stand legally ?
Any advice would be appreciated
Many Thanks
Steve H in Finchley, N London
My girlfriend owns her own property and will have to sell it before joining me in the new property, giving me half the purchase price and having her name put on the Deeds.
Being that she is not a First Time Buyer, but I am, will we have to pay Stamp Duty retrospectively ?
I can't help thinking that HMRC will presume that we are trying to avoid paying Stamp Duty and either charge or fine us.
Do any of the Money Savings Experts on the Forum know where we stand legally ?
Any advice would be appreciated
Many Thanks
Steve H in Finchley, N London
0
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