Stamp Duty Confusion - Help

Stamp Duty Confusion - Help

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mattrosersv

Original Poster:

579 posts

231 months

Wednesday 26th April 2017
quotequote all
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

mattrosersv

Original Poster:

579 posts

231 months

Wednesday 26th April 2017
quotequote all
Had occurred to us to purchase in my name.

No mortgage required so no probs with separate transactions.

Thanks for the responses!

Any idea where to go for paid for advice on this stuff? I guess solicitor?

mattrosersv

Original Poster:

579 posts

231 months

Thursday 27th April 2017
quotequote all

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