Hi,
Me and my 3 siblings have inherited my Nan's estate - 25% each. The estate is made of a £250K property and £150K in other investments, so we're effectively entitled to £100K each. I've agreed with my siblings to use my share and some additional to cash to buy the property. This property will not be my main residence and whilst I don't own another property my wife does, so this will be deemed an additional property. Just trying to suss out whether the SDLT surcharge of 3% is payable on the full property value of £250K or just the £150K additional funding from outside the estate?
Thanks for any help
Paul
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