9:24 AM, 17th March 2021, About 4 months ago 19
Quick query about stamp duty. My wife and I own 4 properties 50/50 as tenants in common. We have a partnership (not an LLP) i.e. our self-assessments show income from partnership to declare this property income.
We want to keep the ownerships as 50/50 but want to split the partnership to 80/20 so take advantage of my wife’s lower tax rate. I’ve heard that a form 17 is the way to go, but also hear that stamp duty would be payable. The properties are all mortgaged.
Would stamp duty be payable and why?
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