{"id":82474,"date":"2018-03-12T14:00:09","date_gmt":"2018-03-12T07:00:09","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-i-have-to-pay-stamp-duty-to-buy-my-sisters-share-of-a-property\/"},"modified":"2018-03-12T14:03:31","modified_gmt":"2018-03-12T07:03:31","slug":"do-i-have-to-pay-stamp-duty-to-buy-my-sisters-share-of-a-property","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-i-have-to-pay-stamp-duty-to-buy-my-sisters-share-of-a-property\/","title":{"rendered":"Do I have to pay stamp duty to buy my sister's share of a property?"},"content":{"rendered":"


\nIf you already own a home, the 0% SDLT rate for transactions up to \u00a3125,000 no longer applies Q My sister and I have each inherited a 50% share of a property valued at \u00a3120,000. I have agreed to buy my sister\u2019s share from her for \u00a360,000. The solicitor who has done the transfer conveyancing has told me I have to pay \u00a31,800 stamp duty. Could you tell me if that is correct? GGA Assuming that you already own property, yes, that is correct. You are being charged 3% which is the higher rate of stamp duty land tax (SDLT) for transactions up to \u00a3125,000 which result in multiple property ownership. It would be the same if you owned a home and bought a second one or a buy-to-let property costing more than \u00a340,000. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Do I have to pay stamp duty to buy my sister’s share of a property?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

If you already own a home, the 0% SDLT rate for transactions up to \u00a3125,000...<\/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-82474","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-lse","jetpack-related-posts":[{"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":82474,"position":0},"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. 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