{"id":12814,"date":"2016-05-12T13:00:21","date_gmt":"2016-05-12T06:00:21","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-higher-rate-stamp-duty-apply-if-my-ex-wants-to-buy-me-out\/"},"modified":"2016-05-12T13:04:13","modified_gmt":"2016-05-12T06:04:13","slug":"will-higher-rate-stamp-duty-apply-if-my-ex-wants-to-buy-me-out","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-higher-rate-stamp-duty-apply-if-my-ex-wants-to-buy-me-out\/","title":{"rendered":"Will higher rate stamp duty apply if my ex wants to buy me out?"},"content":{"rendered":"


\nConfusion over new rules and how they apply to purchasing full stake in part-owned property is affecting my chances of buying a place of my ownQ: I desperately need some advice on the new stamp duty rules. My boyfriend and I split up last year but we own a property together, bought in 2010, which is our primary residence. He has a buy-to-let property which is nothing to do with me (and neither of us have lived there) that he\u2019s owned for 10 years, bought with inheritance from his grandparents. We are currently in the process of him buying me out of my half of our property so that I can buy a place of my own. Our solicitors are saying that he will have to pay the higher rate of stamp duty land tax on this purchase, even though he is not buying a new property and this will remain his main residence. This is an increase of \u00a37,000 on the stamp duty he was expecting to pay and he isn\u2019t sure he can afford it, which is putting my house purchase in jeopardy. Everyone seems unsure of what is correct in this situation and we\u2019re both extremely confused. Surely the stamp duty change was to stop people purchasing second homes, not from buying additional interest in the property they already own? Neither of us can quite believe that he will have to pay over \u00a310,000 in stamp duty to purchase half of the house he already owns and lives in. SS Continue reading…
\n
\nSource : theguardian.com
\nRead more…Will higher rate stamp duty apply if my ex wants to buy me out?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Confusion over new rules and how they apply to purchasing full stake in part-owned property...<\/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-12814","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\/p75ss1-3kG","jetpack-related-posts":[{"id":10764,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/stamp-duty-u-turn-brings-tax-relief-for-granny-flat-buyers\/","url_meta":{"origin":12814,"position":0},"title":"Stamp duty U-turn brings tax relief for \u2018granny flat\u2019 buyers","date":"April 16, 2016","format":false,"excerpt":"\r Changes to new rules for second homes follow outcry over plan to consider granny flats as second homesThe government has announced changes to the rules around the new stamp duty charge on second homes, after it emerged that people buying homes with granny flats would face higher tax bills.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108390,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-siblings-and-i-inherited-a-house-will-we-be-liable-for-stamp-duty\/","url_meta":{"origin":12814,"position":1},"title":"My siblings and I inherited a house, will we be liable for stamp duty?","date":"June 24, 2019","format":false,"excerpt":"\r The house is probably worth \u00a380,000 to \u00a390,000, but three of us already own propertyQ My three siblings and I inherited property from my great-aunt after she died in 2006. It\u2019s a tiny cottage in Wales, with one bedroom, one living room, a small kitchen and a small bathroom.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132636,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-we-pay-higher-stamp-duty-on-buying-a-uk-home-if-we-keep-our-eu-flat\/","url_meta":{"origin":12814,"position":2},"title":"Do we pay higher stamp duty on buying a UK home if we keep our EU flat?","date":"December 12, 2022","format":false,"excerpt":"\r My husband and I are in Budapest and we want to get a property in Britain for about \u00a3325,000Q My husband and I are looking to buy a property in the UK and our budget is about \u00a3325,000. I already own a flat in Budapest, which my parents bought\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108801,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-wife-is-buying-her-own-property-is-she-liable-for-stamp-duty\/","url_meta":{"origin":12814,"position":3},"title":"My wife is buying her own property. Is she liable for stamp duty?","date":"July 8, 2019","format":false,"excerpt":"\r She has never owned a property before, but I did once before we were marriedQ My wife is buying a property with her own money and has never owned property before. However, I bought and sold a property 20 years ago which she never lived in. I have two\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122942,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-i-have-to-pay-higher-rate-stamp-duty-if-i-keep-a-rental-flat\/","url_meta":{"origin":12814,"position":4},"title":"Will I have to pay higher-rate stamp duty if I keep a rental flat?","date":"November 1, 2021","format":false,"excerpt":"\r My husband and I are planning to sell the house we live in, which is our main residenceQ I bought a flat in 2016 and lived there for a couple of years. I then got married in 2018 and moved in to my husband\u2019s house, which he\u2019d bought in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120061,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-our-solicitor-wrong-when-she-says-we-owe-10500-in-stamp-duty\/","url_meta":{"origin":12814,"position":5},"title":"Is our solicitor wrong when she says we owe \u00a310,500 in stamp duty?","date":"January 18, 2021","format":false,"excerpt":"\r We are replacing our main residence but my husband owns a buy-to-let flat Q My husband and I are due to exchange on a house today and we were under the impression during the four-month conveyancing process that we would not have to pay stamp duty because we were\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\/12814"}],"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=12814"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/12814\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=12814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=12814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=12814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}