Stamp Duty Confusion - Help
Discussion
I can't work out an answer to stamp duty calcs for the following situation - any guidance appreciated - status as follows.
House 600 ish
Price includes paddocks which are a separate lot - can this be split out as the paddocks are agricultural?
Girlfriend is Irish, but resident here for 9 years
She has a house in Ireland which she rents out and has not bought or sold anywhere previously as a main residence
We are buying the house together
I am on the deeds of a house with my ex, but should be off within next fortnight as a finance settlement
Cheers
Matt
House 600 ish
Price includes paddocks which are a separate lot - can this be split out as the paddocks are agricultural?
Girlfriend is Irish, but resident here for 9 years
She has a house in Ireland which she rents out and has not bought or sold anywhere previously as a main residence
We are buying the house together
I am on the deeds of a house with my ex, but should be off within next fortnight as a finance settlement
Cheers
Matt
It is not possible to break it up into lots as the whole transaction would be considered as a single transaction for Stamp Duty calculation
So a little more research and there is a classification of Mixed Use payable at 4% which is not subject to the second home 3% charge.
From the little information I can find it would appear that this property and paddocks (classified as equestrian and including an arena) could fall into the Mixed Use scenario.
Anyone have any experience of this?
Thanks,
Matt
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