Stamp duty question
Discussion
My partner and I are looking to purchase a property together and one things got me stumped, stamp duty,
This new property will replace my existing main residence so that’s easy to work out, the bit that’s confusing things is that my partner owns an apartment in Germany where she’s from and she rents that out. However she has never owned a property in the uk and rents here, so would we need to pay the additional rate when this would be her primary residence?
This new property will replace my existing main residence so that’s easy to work out, the bit that’s confusing things is that my partner owns an apartment in Germany where she’s from and she rents that out. However she has never owned a property in the uk and rents here, so would we need to pay the additional rate when this would be her primary residence?
It’s a UK tax thing, normal SDLT applies only. My wife is also German so have been through this and other DE tax related stuff in the past.
Cheers
Jim
Yikes, apparently not! (Jim skulks off to check his DE Tax affairs a little more closely …)
Cheers
Jim
Yikes, apparently not! (Jim skulks off to check his DE Tax affairs a little more closely …)
Edited by Happy Jim on Friday 14th April 07:58
Be careful: I'm 99% sure what has been said above is incorrect.
My understanding is that if you, or your spouse, own another property anywhere in the world, and you are purchasing a home together, then you must pay the additional home stamp duty surcharge.
Speak to a good property accountant or conveyancing solicitor and they'll be able to confirm.
I have used these guys and can recommend: https://www.optimiseaccountants.co.uk/
My understanding is that if you, or your spouse, own another property anywhere in the world, and you are purchasing a home together, then you must pay the additional home stamp duty surcharge.
Speak to a good property accountant or conveyancing solicitor and they'll be able to confirm.
I have used these guys and can recommend: https://www.optimiseaccountants.co.uk/
Edited by 22s on Thursday 13th April 21:07
22s said:
Be careful: I'm 99% sure what has been said above is incorrect.
My understanding is that if you, or your spouse, own another property anywhere in the world, and you are purchasing a home together, then you must pay the additional home stamp duty surcharge.
Speak to a good property accountant or conveyancing solicitor and they'll be able to confirm.
I have used these guys and can recommend: https://www.optimiseaccountants.co.uk/
^^^^ this, get it confirmed My understanding is that if you, or your spouse, own another property anywhere in the world, and you are purchasing a home together, then you must pay the additional home stamp duty surcharge.
Speak to a good property accountant or conveyancing solicitor and they'll be able to confirm.
I have used these guys and can recommend: https://www.optimiseaccountants.co.uk/
Edited by 22s on Thursday 13th April 21:07
But quick look shows the additional stamp duty is paid if the purchaser already owns or part owns a property outwith U.K.
Covered in below link in the questions section.
https://www.marshandparsons.co.uk/blog/everything-...
22s said:
Be careful: I'm 99% sure what has been said above is incorrect.
My understanding is that if you, or your spouse, own another property anywhere in the world, and you are purchasing a home together, then you must pay the additional home stamp duty surcharge.
Speak to a good property accountant or conveyancing solicitor and they'll be able to confirm.
I have used these guys and can recommend: https://www.optimiseaccountants.co.uk/
^^^^ this, get it confirmed My understanding is that if you, or your spouse, own another property anywhere in the world, and you are purchasing a home together, then you must pay the additional home stamp duty surcharge.
Speak to a good property accountant or conveyancing solicitor and they'll be able to confirm.
I have used these guys and can recommend: https://www.optimiseaccountants.co.uk/
Edited by 22s on Thursday 13th April 21:07
But quick look shows the additional stamp duty is paid if the purchaser already owns or part owns a property outwith U.K.
Covered in below link in the questions section.
https://www.marshandparsons.co.uk/blog/everything-...
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