{"id":103410,"date":"2019-01-28T14:00:56","date_gmt":"2019-01-28T07:00:56","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/would-we-pay-higher-stamp-duty-if-we-marry-before-buying-together\/"},"modified":"2019-01-28T14:07:00","modified_gmt":"2019-01-28T07:07:00","slug":"would-we-pay-higher-stamp-duty-if-we-marry-before-buying-together","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/would-we-pay-higher-stamp-duty-if-we-marry-before-buying-together\/","title":{"rendered":"Would we pay higher stamp duty if we marry before buying together?"},"content":{"rendered":"


\nWe would be tenants in common on the joint propertyQ Please can you advise me whether my partner and I should wait until we marry to buy a new home together or not. I own three rental properties and would probably need to sell my current home to buy with my partner. I am unsure if we would be liable for the extra stamp duty on the purchase if we marry before buying, or if I alone would pay on 50% of the purchase if we are tenants in common. VFA How you jointly own property \u2013 whether as tenants in common or joint tenants \u2013 makes no difference to how stamp duty is charged. Both the standard and higher rates of stamp duty are charged on the full purchase price of the property. There was a fairly technical \u2013 and untested \u2013 tax loophole around the legal definition of what constituted a \u201cmajor interest\u201d in a property, which meant that married couples could, in theory, get out of paying the higher rate of stamp duty by being tenants in common rather than joint tenants. But this loophole was closed last November, so how you own property no longer makes a difference. Continue reading…
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\nSource : theguardian.com
\nRead more…Would we pay higher stamp duty if we marry before buying together?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

We would be tenants in common on the joint propertyQ Please can you advise me...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-103410","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qTU","jetpack-related-posts":[{"id":111754,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-i-have-to-pay-the-higher-rate-stamp-duty-on-new-property\/","url_meta":{"origin":103410,"position":0},"title":"Will I have to pay the higher rate stamp duty on new property?","date":"October 21, 2019","format":false,"excerpt":"\r I\u2019m buying the house with a new partner, but I am still named on a previous mortgageQ Shortly before my ex-wife and I separated, we bought a house together. 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