“Does the first time buyer lose any relief if he pays a total of £158,000 for a house and garage which are held under separate titles? We are having trouble with the SDLT which wants to charge £660… “Read More
“I’ve heard that some lawyers are treating a purchase of a house with plot as mixed use and not paying the stamp duty surcharge. Are you aware of such a loophole?… “Read More
What are the consequences for the 3% additional rate of retaining an interest in a dwelling as a result of a property adjustment on divorce?
“I have a client who is divorced but has to remain on his previous matrimonial property as per the sealed consent order. The order was made pursuant to section 24 (1) (b) of the Matrimonial Causes Act and… “Read More
“I have a query in relation to SDLT 2nd homes duty. I have a client who is looking to buy at £250,000. He is not selling his current residence yet but hopes to within the three year period… “Read More
“I’m trying to put together some study material for an exam body. The reference to a lease exceeding 21 years (below) is confusing, as is example 3… “Read More
I am acting for a client buying a property run as a Bed & Breakfast (B&B). I understand that my client intends to continue this. She will live in part of the house… “Read More
What is the effect of a third party contribution protected by a declaration of trust on the 3% surcharge and on first-time buyer’s relief?
“We are currently making sure that where possible and advisable our clients utilise a Declaration of Trust. In situations where there is a third party contributor… “Read More
“My enquiry concerns 2 properties. My client is transferring some properties into his company. If he transfers for nil consideration… “Read More