• Stamp Duty

    By Guest on 17th Jul 2017

    I inherited my father's half of my parents house last year. My mother is now downsizing and the sale of the house will be used to by a flat (my half of the house will be used to purchase the flat too). O already own a home and understand that I will have to pay 3% stamp duty plus the normal stamp duty on a property costing £275k. Is this correct? I will not be living in the flat.

  • 2 Answers

    By Guest on 23/07/2017

    If you would be a joint owner of the new property then yes you will pay the extra 3% stamp duty

  • By Guest on 23/07/2017

    Thanks, seems so unfair as there is no way I will be living in the property. Thank you for confirming my understanding of the situation

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