I have a stamp duty on additional property question.
A lady owns a ppty [ppty A] worth £250k, lives in it over 2yrs, meets prince charming who owns one ppty [ppty B] which he lives in.
They marry and she moves into ppty B owned by husband who owns 1 ppty for a few years.
Here comes the SDLT question, after a few years they then decided to buy a large family home to start a family [ppty C] mortgage free from sale of husband's ppty B [which is their main home] and his savings.
Please note at the time of buying ppty C husband is selling his one and only ppty B while wife still holds on to her ppty A.
- Will the 3% additional surcharge be due if ppty C is bought in both names? Even though the husband is simply replacing his only ppty and their main dwelling?
- Will it be due if bought only in husband's name? Ie he will have no other property on completion.