This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Search found 2 matches

Go to advanced search

by KCSunshine
Fri Nov 20, 2020 4:50 pm
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: Transfer of equity - Stamp Duty queries (urgent!)
Replies: 3
Views: 364

Re: Transfer of equity - Stamp Duty queries (urgent!)

1. Yes 2. £27k 3. No 4. No "You don’t need to pay SDLT or tell HMRC about freehold land and property transactions with a total chargeable consideration of less than £40,000, unless the total chargeable consideration includes any linked transactions." https://www.gov.uk/guidance/stamp-duty-land-tax-...
by KCSunshine
Fri Nov 20, 2020 11:41 am
Forum: Stamp Duty, Stamp Duty Land Tax, SDLT
Topic: Transfer of equity - Stamp Duty queries (urgent!)
Replies: 3
Views: 364

Transfer of equity - Stamp Duty queries (urgent!)

Hello, I live in the North of England and own a freehold detached property. It had a purchase price of £349,000 and is in the name of me, my wife and my mother as 'Joint Tenants'. The current valuation of the property is approximately £400,000. The outstanding mortgage on the property is £82,000 whi...

Go to advanced search