Property News · June 8, 2017

Will we pay higher stamp duty as my girlfriend has inherited property?


It seems we are liable for the 3% surcharge on the new-build we are buying in London, even though she has never lived in the house in ItalyQ My girlfriend and I have been saving for some time towards buying a property. We currently rent a one-bedroom flat and are in the process of purchasing a new-build property in Acton, west London.As the legal side of our new-build purchase has developed, we have been shocked to learn that we will have to pay the 3% stamp duty surcharge. This is because a few years ago, my girlfriend inherited a share of her grandmother’s house in Italy (my girlfriend is Italian and not a British passport holder). She has never lived in this property or made any money from it. As far as I can see, we have three options. Continue reading…

Source : theguardian.com
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