{"id":127381,"date":"2022-06-27T13:00:05","date_gmt":"2022-06-27T06:00:05","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/if-i-swap-properties-with-my-daughter-will-we-have-to-pay-stamp-duty\/"},"modified":"2022-06-27T13:19:06","modified_gmt":"2022-06-27T06:19:06","slug":"if-i-swap-properties-with-my-daughter-will-we-have-to-pay-stamp-duty","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/if-i-swap-properties-with-my-daughter-will-we-have-to-pay-stamp-duty\/","title":{"rendered":"If I swap properties with my daughter will we have to pay stamp duty?"},"content":{"rendered":"


\nI own my second home outright and she has a mortgage on a flat but no money will change handsQ I own a house outright. The property is a second home and not my main residence. My daughter and son-in-law have a mortgage on their flat. We want to swap properties as I no longer need the house. No money will change hands as the properties are of similar values. Do we have to pay stamp duty? Does my daughter have to have a different mortgage or can she transfer the one she has?MKA Yes, your daughter and son-in-law will have to raise a mortgage on your house in order to repay the mortgage on their flat when they move out. They may be able to move their current deal, but only if the lender is happy to secure the mortgage on their new home. Continue reading…
\n
\nSource : theguardian.com
\nRead more…If I swap properties with my daughter will we have to pay stamp duty?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I own my second home outright and she has a mortgage on a flat but...<\/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-127381","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-x8x","jetpack-related-posts":[{"id":963,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/does-the-3-stamp-duty-for-second-properties-apply-in-scotland\/","url_meta":{"origin":127381,"position":0},"title":"Does the 3% stamp duty for second properties apply in Scotland?","date":"January 7, 2016","format":false,"excerpt":"\r We might rent out our flat and buy a house, but are unsure if the stamp duty rules apply to our new house even though we\u2019d be living in it Q I live with my wife in a flat in central Glasgow and we\u2019re looking to move somewhere quieter\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105645,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-daughter-is-buying-me-out-of-a-house-must-she-pay-stamp-duty\/","url_meta":{"origin":127381,"position":1},"title":"My daughter is buying me out of a house \u2013 must she pay stamp duty?","date":"April 1, 2019","format":false,"excerpt":"\r She hasn\u2019t had a mortgage before, but I\u2019m told she will need to pay stamp duty on a mortgageQ My two daughters and I are the joint owners of a property for which we paid cash (so there is no mortgage involved). One of my daughters lives in the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":129830,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/if-we-buy-a-flat-for-our-son-in-my-wifes-name-would-she-be-deemed-a-first-time-buyer\/","url_meta":{"origin":127381,"position":2},"title":"If we buy a flat for our son in my wife\u2019s name would she be deemed a first-time buyer?","date":"September 19, 2022","format":false,"excerpt":"\r I have two houses in my name, so wonder whether including me on a joint mortgage affects stamp dutyQ As our son will go to university next year, we are considering buying a flat or property in the city where the university is for him to live in. We\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":26155,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/were-not-married-so-can-we-avoid-higher-stamp-duty-on-a-second-home\/","url_meta":{"origin":127381,"position":3},"title":"We're not married, so can we avoid higher stamp duty on a second home?","date":"September 15, 2016","format":false,"excerpt":"\r My partner and I are thinking of putting a buy-to-let property in just one of our names to avoid the higher rate of taxQ My partner and I own our home outright. We plan to buy a second property to rent out using \u00a360,000 in savings and a mortgage\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":37168,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/kerry-properties-offers-stamp-duty-subsidies-mortgage-incentives-to-push-mantin-heights-project\/","url_meta":{"origin":127381,"position":4},"title":"Kerry Properties offers stamp duty subsidies, mortgage incentives to push Mantin Heights project","date":"December 6, 2016","format":false,"excerpt":"\r Kerry Properties says it will provide stamp duty subsidies and mortgages of up to 70 per cent to push sales of the remaining units at its luxury residential development, Mantin Heights in Ho Man Tin. The developer released the price list for the latest batch of 149 flats at\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":127381,"position":5},"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. If we get a joint mortgage, what rate of stamp duty will apply given that he doesn\u2019t currently have a property?\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/127381"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=127381"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/127381\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=127381"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=127381"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=127381"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}