I have sold my property and moved into my partner's home.
We want to hold the property on a 60 (him)/40 (me) basis as tenants in common, for which I will invest £216,000. There is no mortgage on the property, which is valued at £650,000.
Will stamp duty be due and, if so, would it be payable on the £216,000 or 40% of the property's value? This is our only property.
Are there any other issues that should be taken into account?
Many thanks.
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