{"id":116982,"date":"2020-06-08T13:00:13","date_gmt":"2020-06-08T06:00:13","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/stamp-duty-on-second-home-will-propertyless-co-owner-save-me-cash\/"},"modified":"2020-06-08T13:05:25","modified_gmt":"2020-06-08T06:05:25","slug":"stamp-duty-on-second-home-will-propertyless-co-owner-save-me-cash","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/stamp-duty-on-second-home-will-propertyless-co-owner-save-me-cash\/","title":{"rendered":"Stamp duty on second home: will propertyless co-owner save me cash?"},"content":{"rendered":"


\nI have a flat and want to buy another property, listing my husband as joint ownerQ In 2016 I bought a flat and have since married. My husband does not work due to ongoing mental health issues and he does not own any property of his own.I want to move to a house but ideally would like to keep the flat as an investment for our son when he grows up.\u00a0Would I have to pay the full second home stamp duty if I buy the new home but list myself and my husband as joint owners?Basically the higher stamp duty rate would be quite restrictive for me on the new property and I am wondering if there is a way around it?APA No, there isn\u2019t a way for you to avoid paying the higher rate of stamp duty land tax (SDLT) \u2013 which is the standard rate plus three percentage points \u2013 on the purchase of a second home. You are mistaken if you think that, because your husband doesn\u2019t own any other property, he would be let off paying the higher rate of SDLT if you listed him as a joint owner on the new house. It would make no difference at all. If the higher rate of SDLT is due because either (or both) the joint purchasers has other property, the higher rate applies to the whole purchase price. Continue reading…
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\nSource : theguardian.com
\nRead more…Stamp duty on second home: will propertyless co-owner save me cash?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I have a flat and want to buy another property, listing my husband as joint...<\/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-116982","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-uqO","jetpack-related-posts":[{"id":73005,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-my-son-get-first-time-buyer-stamp-duty-relief-if-we-get-a-joint-mortgage\/","url_meta":{"origin":116982,"position":0},"title":"Will my son get first-time buyer stamp duty relief if we get a joint mortgage?","date":"November 27, 2017","format":false,"excerpt":"\r We don\u2019t know how two buyers of different status affect the applicationQ I own the house I live in and want to help my son buy a flat. 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