New SDLT Rules when partner does not own a property?Make Text Bigger
I have a question about the new SDLT rules, and I am hoping someone is able to assist:
For inheritance purposes (7 year rule), a few years ago, my brother and I were added to the deeds of 3 x properties owned by my parents. Those three properties are not my main residence (they are in the Midlands, and I rent in London for work). These properties are rented out, and I do not receive any of the income from those properties.
I am now looking to buy a home with my girlfriend (not currently living together) – She does not own a share of any property. I do not own more than 50% of any of the properties (actually, I don’t own any of them, but I am on the deeds of them), and I do not receive an income from those properties. Would I be liable for the additional 3% stamp duty?
Any help or advice would be greatly appreciated.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.