{"id":26155,"date":"2016-09-15T13:00:35","date_gmt":"2016-09-15T06:00:35","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/were-not-married-so-can-we-avoid-higher-stamp-duty-on-a-second-home\/"},"modified":"2016-09-15T13:07:46","modified_gmt":"2016-09-15T06:07:46","slug":"were-not-married-so-can-we-avoid-higher-stamp-duty-on-a-second-home","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/were-not-married-so-can-we-avoid-higher-stamp-duty-on-a-second-home\/","title":{"rendered":"We're not married, so can we avoid higher stamp duty on a second home?"},"content":{"rendered":"


\nMy 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 of \u00a3120,000 secured on our home rather than a buy-to-let mortgage. The second property is not for immediate profit but for the long term \u2013 our children will hopefully be able to raise cash from it to use as deposits in years to come.We aren\u2019t married yet, so to avoid the extra 3% stamp duty on second properties we are thinking that it be worth taking one of our names off the property we live in and buying the second property in the sole name of the other person. From what I have read, if you are not married you are considered as two parties. Continue reading…
\n
\nSource : theguardian.com
\nRead more…We’re not married, so can we avoid higher stamp duty on a second home?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

My partner and I are thinking of putting a buy-to-let property in just one of...<\/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-26155","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\/p75ss1-6NR","jetpack-related-posts":[{"id":44334,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-we-pay-higher-stamp-duty-on-a-buy-to-let-property\/","url_meta":{"origin":26155,"position":0},"title":"Will we pay higher stamp duty on a buy-to-let property?","date":"February 16, 2017","format":false,"excerpt":"\r My partner and I already own homes, but want to purchase another to help our children later onQ My partner and I \u2013 we are not married \u2013 live in his house, which he owns outright in his sole name. I also have a house in my name only.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":111403,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/im-thinking-about-getting-married-will-i-get-hit-with-more-tax\/","url_meta":{"origin":26155,"position":1},"title":"I'm thinking about getting married \u2013 will I get hit with more tax?","date":"October 7, 2019","format":false,"excerpt":"\r I was told if I sell my property I might be liable for stamp duty and capital gains taxQ My long-term partner and I are thinking about getting married, mainly as we are worried that if one of us dies suddenly, the other will face an inheritance tax bill\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":138563,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-we-avoid-stamp-duty-on-a-second-house-if-my-husband-buys-it-in-his-name\/","url_meta":{"origin":26155,"position":2},"title":"Can we avoid stamp duty on a second house if my husband buys it in his name?","date":"July 31, 2023","format":false,"excerpt":"\r I bought a property before we met, which we hope to rent out when we buy a bigger homeQ I bought a house before I met my husband. We now live in this house together but the mortgage is solely in my name. I have almost paid off the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"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":26155,"position":3},"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":124169,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-much-stamp-duty-will-we-pay-on-a-new-home-if-we-own-a-buy-to-let\/","url_meta":{"origin":26155,"position":4},"title":"How much stamp duty will we pay on a new home if we own a buy-to-let?","date":"January 10, 2022","format":false,"excerpt":"\r We\u2019re thinking about selling our current residential property and renting before buying a new-buildQ My partner and I own a residential property that we bought in June 2019 at a cost of \u00a3217,995. I paid \u00a38,399 in stamp duty which was at the higher rate as I owned (and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":140575,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/can-we-save-15000-stamp-duty-on-our-home-purchase-if-we-get-married-sooner\/","url_meta":{"origin":26155,"position":5},"title":"Can we save \u00a315,000 stamp duty on our home purchase if we get married sooner?","date":"December 4, 2023","format":false,"excerpt":"\r We both own homes and I have been told being unmarried will leave me liable to extra taxQ My partner and I (unmarried) are looking to buy a property together in joint names. We both own homes separately under our individual names. 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