{"id":128649,"date":"2022-08-15T13:00:31","date_gmt":"2022-08-15T06:00:31","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-much-stamp-duty-do-i-need-to-pay-if-i-own-part-of-another-property\/"},"modified":"2022-08-15T13:21:41","modified_gmt":"2022-08-15T06:21:41","slug":"how-much-stamp-duty-do-i-need-to-pay-if-i-own-part-of-another-property","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-much-stamp-duty-do-i-need-to-pay-if-i-own-part-of-another-property\/","title":{"rendered":"How much stamp duty do I need to pay if I own part of another property?"},"content":{"rendered":"


\nI want to know if having owned a share of a flat means I won\u2019t be treated as a first-time buyerQ I am currently renting with my civil partner and we are looking to buy our first property together. Along with my sister and parents, I currently own a 7% share (equivalent to \u00a317,000) in a flat that was bought in cash with inheritance that my father received after the death of my grandmother. Although my parents gave me the money equivalent to my share of the property a few years ago, I\u2019m still on the deeds to the property and am in the process of removing myself from these.What I\u2019m really hoping you can help me with is working out how much stamp duty my partner and I should expect to pay when we buy our first property. Does my name being on the deeds to the flat mean we aren\u2019t eligible for first-time buyers\u2019 relief? Does my having owned a share of the property mean that the new property will count as a second home? Continue reading…
\n
\nSource : theguardian.com
\nRead more…How much stamp duty do I need to pay if I own part of another property?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I want to know if having owned a share of a flat means I won\u2019t...<\/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-128649","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-xsZ","jetpack-related-posts":[{"id":127651,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/if-i-marry-can-hmrc-claw-back-stamp-duty-on-the-buy-to-let-property-ive-bought\/","url_meta":{"origin":128649,"position":0},"title":"If I marry can HMRC claw back stamp duty on the buy-to-let property I\u2019ve bought?","date":"July 11, 2022","format":false,"excerpt":"\r I made the purchase recently in my name, while my partner has owned a property for five yearsQ My partner and I are not married. He has owned one property for five years. I am neither the legal nor the beneficial owner of that property, although in reality we\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138266,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/were-buying-a-shared-ownership-flat-how-should-we-pay-stamp-duty\/","url_meta":{"origin":128649,"position":1},"title":"We\u2019re buying a shared ownership flat \u2013 how should we pay stamp duty?","date":"July 10, 2023","format":false,"excerpt":"\r We have the choice to settle it all at once, or for just our 45% share of the propertyQ My partner and I are paying \u00a3333,000 to buy a 45% share of a flat costing \u00a3740,000 under the shared ownership scheme.Does it make sense to pay the stamp duty\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":125152,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-partner-owns-a-house-what-stamp-duty-do-we-pay-if-we-buy-another-one\/","url_meta":{"origin":128649,"position":2},"title":"My partner owns a house \u2013 what stamp duty do we pay if we buy another one?","date":"March 7, 2022","format":false,"excerpt":"\r A reader writes that their partner plans to continue to own his house that he rents out when they buyQ I bought my house in June 2019, before I met my partner. When I met him, he was looking to buy a house and did so about 12 months\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117768,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-i-buy-a-house-in-my-name-but-put-my-partner-on-the-mortgage\/","url_meta":{"origin":128649,"position":3},"title":"Can I buy a house in my name but put my partner on the mortgage?","date":"July 13, 2020","format":false,"excerpt":"\r I\u2019m worried we won\u2019t be eligible for the stamp duty cut as my fiance owns a flat he can\u2019t sellStamp duty: what is it and what has the chancellor changed?Q I live with my fiance, who part-owns a one-bedroom flat in south London through a shared- ownership scheme. He\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":115076,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-i-get-a-refund-on-stamp-duty-which-ive-paid-twice\/","url_meta":{"origin":128649,"position":4},"title":"Can I get a refund on stamp duty, which I've paid twice?","date":"March 23, 2020","format":false,"excerpt":"\r My wife and I have split up and I agreed to buy out her half of the flat we bought togetherQ In September 2017 my wife and I bought a flat in joint names as our permanent home and paid stamp duty. We have now separated and as part\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":131282,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-live-abroad-but-plan-to-buy-a-uk-house-to-rent-out-what-stamp-duty-will-we-pay\/","url_meta":{"origin":128649,"position":5},"title":"We live abroad but plan to buy a UK house to rent out. What stamp duty will we pay?","date":"October 31, 2022","format":false,"excerpt":"\r The property we want is \u00a3500,000 and my husband previously owned a flat in Britain but it has been soldQ My husband and I are planning to buy a house together but we\u2019re really confused about what stamp duty we\u2019ll need to pay.We\u2019re both British but we are currently\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\/128649"}],"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=128649"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/128649\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=128649"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=128649"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=128649"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}