Stamp duty on transfers between spousesMake Text Bigger
I have owned a property jointly with my husband since 1995. We transferred the mortgage from residential to buy to let in 2002 and now have 3 BTL properties in our portfolio.
My husband is 69 and to remortgage the property we agreed that it will be transferred into my name.
Advice from our mortgage broker was that transfers between husband and wife are exempt from capital gains tax and stamp duty. However, our conveyancing agent has informed me that this is not the case and a stamp duty of £1,450 is payable since the transfer is not by a court order.
Is this correct?
Many thanks in advance for your advice.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.