I think I know the answer to this, but I'm not certain.
DH (we're married) and I live in a flat that I own alone. I also have another house (alone), and he has another flat (alone). We've now found somewhere that we want to move / a serious contender at least. I'd like to keep and rent out the flat we now live in.
IIUC, because we're married, we count as one unit - so if we do the above, we'll pay tax at the additional rate on our next home. It's about double what we'd otherwise pay.
Other options: Divorce (?). Transfer this flat into a company, pay SDLT on that. Sell this flat (though I imagine it wouldn't be a quick sale).
What's the correct approach in the circumstances? Has anyone faced similar?
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12 replies
EssentialHummus · 01/10/2016 18:26
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