Talk

Advanced search

Is there SD to pay here?

(2 Posts)
Kitty2020 Tue 03-Dec-19 14:26:51

Have inherited a 25% share in a house worth £400k. I am considering retaining my share and another relative is looking to buy the other 3 people (£300k) out. So my existing £100k share would remain as an investment for me but the house would be main sole home of my other relative. How is the SD calculated? I already own my own home - so my share could technically be classed as a second home or BTL (although I am not planning to charge rent to my relative. Do I have to pay SD on the 100k share that I already own if/when my relative buys the other share?

TDL2016 Tue 03-Dec-19 15:08:32

Stamp duty is only payable on a house you buy. Check the gov.uk website for further clarity, it’s very helpful.

Join the discussion

Registering is free, quick, and means you can join in the discussion, watch threads, get discounts, win prizes and lots more.

Get started »