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Where Taxpayers and Advisers Meet

SDLT

lorr_bryant2000
Posts: 1
Joined: Fri Dec 07, 2018 1:17 pm

SDLT

Postby lorr_bryant2000 » 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

SDLT Geek
Posts: 174
Joined: Sun Apr 30, 2017 5:45 pm

Re: SDLT

Postby SDLT Geek » Sun Dec 09, 2018 7:20 am

I expect you have seen the answer to the same question posted here: https://www.zoopla.co.uk/discover/buying/stamp-duty-land-tax-3-surcharge-replacement-of-an-only-or-main-residence-and-the-all-important-three-year-rule/ Did that give you the information you needed?


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