Stamp Duty

Stamp Duty

Postby cross on Wed Jan 18, 2012 2:38 pm

My ex-partner and I bought our property together as joint tenants and shared the cost of the stamp duty. There was no mortgage. Now that we have split up I am buying her half share which has been valued at £140,000

As we are both on the deeds as joint tenants and we have both paid stamp duty previously, will I have to pay stamp duty again on the cost of the half share I am buying?
cross
 
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Re: Stamp Duty

Postby section 44 on Wed Jan 18, 2012 3:29 pm

Yes if you are giving her more than £125k for her half share.
section 44
 
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