Thanks all. Yes we were only made aware of this yesterday as part of the new purchase discussions.
MR will be sold as part of the purchase and BTL at a later date. I had read that the higher stamp duty is refundable in certain circumstance and am speaking to a specialist solicitor this afternoon on this.
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Reply to: Stamp Duty Second Purchase - Exemption
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Previously on "Stamp Duty Second Purchase - Exemption"
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Originally posted by barrydidit View PostMain residence disposal means the additional stamp duty is not due.
@OP With the twist of a marriage break down and a BTL, and relatively new rules, you need to be pressing your lawyers for very clear answers on this one. They are best placed.
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Main residence disposal means the additional stamp duty is not due.
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Originally posted by kaiser78 View PostWe are selling our main residence and btl property to buy our next properties individually as part of our divorce process.
The main residence sale is going through and my future-ex has found another property to purchase as part of this (I am still looking). I have read that they will have to pay second home stamp duty on this property as the BTL is still ours, however we will be entitled to claim this back due to getting divorced.
Can the BTL be transferred into my name in the meantime so that future-ex doesn't have to pay the stamp duty ?
Can anyone shed any light on this ?
Leave a comment:
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Originally posted by kaiser78 View PostWe are selling our main residence and btl property to buy our next properties individually as part of our divorce process.
The main residence sale is going through and my future-ex has found another property to purchase as part of this (I am still looking). I have read that they will have to pay second home stamp duty on this property as the BTL is still ours, however we will be entitled to claim this back due to getting divorced.
Can the BTL be transferred into my name in the meantime so that future-ex doesn't have to pay the stamp duty ?
Can anyone shed any light on this ?
Leave a comment:
-
Stamp Duty Second Purchase - Exemption
We are selling our main residence and btl property to buy our next properties individually as part of our divorce process.
The main residence sale is going through and my future-ex has found another property to purchase as part of this (I am still looking). I have read that they will have to pay second home stamp duty on this property as the BTL is still ours, however we will be entitled to claim this back due to getting divorced.
Can the BTL be transferred into my name in the meantime so that future-ex doesn't have to pay the stamp duty ?
Can anyone shed any light on this ?Tags: None
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