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Stamp duty on transfer between husband and wife.

someone
Posts: 246
Joined: Mon Feb 13, 2017 10:09 am

Stamp duty on transfer between husband and wife.

Postby someone » Mon Apr 16, 2018 11:04 am

To keep it simple:

Outstanding mortgage 150000. Owned solely by husband. Transfer of equity into joint names as tenants in common.

98% transferred to wife.

Is the SDLT calculated on:

150000*.98 = 147000 (440 SDLT due) - this is what I think it is

or

150000*.5 = 75000 (No SDLT due) - what HMRC have told my solicitors.


Obviously, I'd like HMRC to be right!

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