Scouring the Web I've been unable to find an answer that I understand!
I own a property with my ex, and I am buying her out of her share in the property. I am doing a transfer of equity and adding my dad, and getting a mortgage with him.
He owns a home (jointly with his wife and father) where he will remain.
The house is worth 180k with 133k left to pay. I will be paying my ex 25k to release her from the house.
A- what SDLT is payable on this property? Is it half due to me only.owning this home?
B- are there any ways that SDLT can be reduced? Would a tenancy in common with me having a 99% share in the property and my dad 1% achieve this?
C- how do I go about this!?
Thanks in advance.
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