Hi,
Wondered if someone could help?
All the examples I can find online refer to when the first share bought is under the thresholds and therefore no tax was paid. Our situation is different to that in that we did pay stamp duty on the 50% we bought in 2004, so trying to ascertain what we would pay when staircasing to full ownership.
We purchased our 50% share in 2004 at £122,500 (based on a full asking price of £245k) and we paid stamp duty of £1,225 at the time.
If we now buy the other 50% based on a full value of £325k and therefore a payment for the further share of £162,500 what stamp duty would we be liable for?
Many thanks in advance
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