Property News · December 8, 2016

Can we divorce to avoid the higher stamp duty on second homes?


I own a property but my husband does not, so if we got a divorce and he bought the property we think we could save thousandsQ I was wondering if, under the new stamp duty laws for second properties, it would be worthwhile considering a divorce before purchasing? My husband does not own any property and we are considered purchasing a home together. I do, however, own property and intend to rent out our current home (which is solely in my name) when we move. Under the new laws, we would have to pay stamp duty of £25,800 each (£51,600 in total) on our new property.I know that in any circumstance I am subject to the additional stamp duty, but I understand that if we were not married my husband would not be. Is it feasible to get a divorce if we are still cohabiting and in a relationship? I would appreciate your information – it seems that unmarried couples are at an advantage in this circumstance. RB Continue reading…

Source : theguardian.com
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