Personal Finance & Money Stack Exchange
Personal Finance & Money Stack Exchange

Questions tagged [stamp-duty]

15 questions
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UK Stamp Duty, Buying with a partner who owns a flat

I own a house on the south coast. My partner owns a flat in London with her sister. Her sister lives in the flat and the other room is rented out. My partner has lived with me for 18 months and is registered to vote at our house and works nearby. If…
SlimCheney
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1 answer

UK SDLT surcharge when buying additional garden land

I am in the process of purchasing some of a neighbour's garden to extend the garden of my main (and only) residence. The purchase price is well below the SDLT threshold but I cannot find any official HMRC guidance on whether the 3% surcharge would…
phil-lavin
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Including Stamp Duty in the mortgage

Can a person buying a property in the UK include the Stamp Duty in the mortgage? If this is possible, I wonder, how common is this and would it make harder to secure the mortage?
aglearner
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Stamp duty on UK share purchases made by non-UK residents

I am a UK ex-pat living in the EU and have recently bought shares in two different UK companies using an EU-based broker. Following the transactions I was surprised to find that there was no stamp duty charged on either. Are no-UK residents exempt…
Giles
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2
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1 answer

Understanding a passage from the guidance on higher rates on SDLT

I would like to fully understand the following passage from https://www.gov.uk/guidance/stamp-duty-land-tax-buying-an-additional-residential-property : You must pay the higher Stamp Duty Land Tax (SDLT) rates when you buy a residential property (or…
aglearner
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UK - Do I pay higher Stamp Duty for transfer of equity on main home if I have Buy To Let property?

It is my understanding that if you own a BTL property and a residential property, and then move house, you pay the standard stamp duty (without the 3% surcharge for second homes) even if it is a bigger house. I am hoping the rules are similar for…
christiaantober
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Mortgage for a couple where one partner is not a first time buyer

There is a married couple in the UK where partner X owns a share of a property, while partner Y doesn't (i.e, Y is a first time buyer per se). Can partner Y apply for a mortgage alone (in order to qualify for "first time buyer") but use for a part…
aglearner
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How long do I have to wait to start renting out a newly bought flat?

I've purchased a new flat outright as a cash buyer. The solicitor documentation suggests there is a 'SDLT' (stamp duty) tax of around £8,000. I believe this can be avoided by living in the property and not renting out. However, I want to eventually…
Jack Scott
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Avoid paying higher rate SDLT UK

I currently own Property A (my main place of residence) with a 60% mortgage. Property A is valued at £150k, therefore the outstanding mortgage is £90k. My parents are mortgage free, and still working. Can I give my parents my property + mortgage,…
Michael Parkin
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Stamp duty liability when adding partner to mortgage? (UK)

Good Afternoon, My friend and her partner have recently moved in together (England). Her partner owns a property which is now being let out, and she has added him to her mortgage. They were under the impression he would be liable to pay Stamp Duty…
andtodd
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Do I have to pay the stamp duty additional charge when purchasing a house abroad?

I am in the process of purchasing a house in the UK. I own another house in Italy. I work and live in the UK. Do I have to pay the stamp duty additional charge? If I do so, do I qualify for stamp duty additional charge refund if I sell the property…
Blue Moon
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Stamp tax duty on UK stocks: when does it apply?

Some sources on the Internet tell that buying shares on UK stocks is assessed to a stamp tax duty of 0.5% of trade value for UK stocks and 1.0% of trade value for Irish listed stocks. I recently bought shares in a Ireland-domiciled ETF using an…
Peggy
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What is a "non-UK resident" for the purpose of paying SDLT?

It is stated here: https://www.gov.uk/guidance/stamp-duty-land-tax-buying-an-additional-residential-property#sdlt-rates-for-non-uk-residents that There is a 2% surcharge on residential properties in England and Northern Ireland bought by non-UK…
aglearner
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Stamp duty surcharge for a person with a property overseas

Suppose there is a person that lives in the UK for 4 years in a rented property. Moreover, they own half a flat overseas jointly with their parent (that costs less than £10.000). If I understand correctly, in case they by a property in the UK, they…
aglearner
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Stamp duty for a couple with one person owning less than £40000 of property overseas

Suppose a couple is buying a house in the UK. One partner is a first time buyer, another owns a share of property overseas with value less than £40,000 (and nothing else). Suppose they are buying a house for £400,000. What then will be the amount of…
aglearner
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