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Anyone a Conveyancing Solicitor?

(4 Posts)
Whatnotea Tue 26-Feb-19 09:09:33

Apologies if this is in the wrong place I have no idea where to put it.

If you are in the process of selling your current main residence to buy another main residence but also have a 20% interest in an inherited property - are you liable for the higher stamp duty charge on the new property?

Whatnotea Tue 26-Feb-19 12:21:56

Anyone?
Asking for an older relative. I think she maybe liable for the higher rate and want to check before I worry her.

Averyimportantperson Tue 26-Feb-19 16:26:36

It is possible that they are not liable. I know someone who avoided payi g in similar circumstances but it depends on a number of factors. Might be better asking to move this to legal.

Dobbyhasnomaster Tue 26-Feb-19 16:33:19

If they are on the deeds for the other house they are most likely going to have to pay the higher rate for the second unfortunately. If you call a Conveyancing Firm and ask for a quote, they should be able to advise you on this!

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