I bought a small flat a few years ago and decided to let it out whilst still living with my parents to help provide a future pension to replace the one my employer opted out of.
I have now bought a house jointly with my fiance, getting married in 3 months, but it appears we are jointly liable for the whole 3% stamp duty tax, even though, my fiance is a first time buyer and really should not be liable for half the tax.
I am sure lawyers and tax experts are looking at this unfair tax targetting only the small landlord, however, in the meantime we have to make provision for an extra £15,000 ouch.
As we have 2 years to dispose of the btl thereby depriving us of a future small pension, is there some other way to avoid the 3% sdt ?
Thank you
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