{"id":134969,"date":"2023-02-27T14:00:43","date_gmt":"2023-02-27T07:00:43","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-could-staircase-the-30-share-of-my-flat-to-100-but-how-would-it-affect-stamp-duty\/"},"modified":"2023-02-27T14:13:20","modified_gmt":"2023-02-27T07:13:20","slug":"i-could-staircase-the-30-share-of-my-flat-to-100-but-how-would-it-affect-stamp-duty","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-could-staircase-the-30-share-of-my-flat-to-100-but-how-would-it-affect-stamp-duty\/","title":{"rendered":"I could \u2018staircase\u2019 the 30% share of my flat to 100% but how would it affect stamp duty?"},"content":{"rendered":"


\nPaying SDLT for the entire property was not within budget back then and I am unsure if I count as a first-time buyerQ I bought a 30% share of my one-bed flat in 2014 and I\u2019m now finally in the position to \u201cstaircase\u201d to 100%. But I cannot figure out what the rules on stamp duty are in this case as first-time buyers are now exempt.When I initially bought, I had the option to pay stamp duty for the entire property (not within budget at the time), or, as the price of my share was below the stamp duty limit, not pay at all unless I bought more shares. Continue reading…
\n
\nSource : theguardian.com
\nRead more…I could \u2018staircase\u2019 the 30% share of my flat to 100% but how would it affect stamp duty?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Paying SDLT for the entire property was not within budget back then and I am...<\/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-134969","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-z6V","jetpack-related-posts":[{"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":134969,"position":0},"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":100917,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-i-need-to-pay-more-stamp-duty-on-a-home-because-i-also-own-a-flat\/","url_meta":{"origin":134969,"position":1},"title":"Do I need to pay more stamp duty on a home because I also own a flat?","date":"November 5, 2018","format":false,"excerpt":"\r I bought a flat with my daughter and I\u2019m worried I will have to pay the higher rateQ My husband and I sold our main home in August 2017 and are using the money from the sale to buy a new home for us to live in which will\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":134969,"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. 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