Paying SDLT for the entire property was not within budget back then and I am unsure if I count as a first-time buyerQ I bought a 30% share of my one-bed flat in 2014 and I’m now finally in the position to “staircase” to 100%. But I cannot figure out what the rules on stamp duty are in this case as first-time buyers are now exempt.When I initially bought, I had the option to pay stamp duty for the entire property (not within budget at the time), or, as the price of my share was below the stamp duty limit, not pay at all unless I bought more shares. Continue reading…
Source : theguardian.com
Read more…I could ‘staircase’ the 30% share of my flat to 100% but how would it affect stamp duty?
