• How Much Stamp Duty Do We Need To Pay?

    By Guest on 02nd Jan 2020

    My partner and I are purchasing a new-build house. I am a first time buyer, but my partner has inherited parts (roughly 20 percent each) of three properties in her native Bulgaria. As we understand it, if the total value of the properties owned is less than £40,000, we are required to pay only the standard rate stamp duty land tax (SDLT). We require some clarification on how this sum is calculated. Is it based on on the value assessed for tax purposes (we have proof this sum is less than the £40,000 threshold) or is the sum calculated based on the market values? Thanks.

  • 1 Answers

    By Guest on 03/01/2020

    I would advise you check your individual circumstances with a tax specialist, such as Sam Holloway from M&A Partners: https://www.mapartners.co.uk/about-us/our-team/sam-holloway/ 

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