SDLT
Posted: Fri Dec 07, 2018 1:19 pm
Hi
Please can you advise me which is correct, I have been given conflicting advice.
My Mum passed away in March this year, she jointly owned a house with my Dad, she left 50% of the property to me.
My home has been rented out for the last 5 years, since I moved in with my partner.
My Dad now wants to move to a flat, he is unable to purchase this flat without my half of his current property, which obviously I am happy to do.
The flat will be in our joint names.
Will be pay the enhanced rate on the whole purchase price or just my 50% because I own another property.
A quick reply would really be appreciated, this is a great worry for my 83yr old Dad, he is possibly due to exchange in January, but with these
additional fees may not be possible.
I look forward to hearing from you.
Thank you.
Best wishes
Lorraine
Please can you advise me which is correct, I have been given conflicting advice.
My Mum passed away in March this year, she jointly owned a house with my Dad, she left 50% of the property to me.
My home has been rented out for the last 5 years, since I moved in with my partner.
My Dad now wants to move to a flat, he is unable to purchase this flat without my half of his current property, which obviously I am happy to do.
The flat will be in our joint names.
Will be pay the enhanced rate on the whole purchase price or just my 50% because I own another property.
A quick reply would really be appreciated, this is a great worry for my 83yr old Dad, he is possibly due to exchange in January, but with these
additional fees may not be possible.
I look forward to hearing from you.
Thank you.
Best wishes
Lorraine