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Help me out with the new stamp duty?
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cerealatmidnight · 23/09/2022 17:53

Good time to split!
Can we sell our family home and buy two flats for under 250k and not pay any stamp duty now?

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Eastangular2000 · 23/09/2022 17:56

No. Second flat you will pay 3% on

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Eastangular2000 · 23/09/2022 17:57

unless of course you mean you will be divorcing in which case probably

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gogohmm · 23/09/2022 17:58

As long as you are separating you can - I think you have to legally divorce within 18 months or something like that (you might pay the additional stamp charge then get it refunded)

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cerealatmidnight · 23/09/2022 18:14

What if we're not married

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Eastangular2000 · 23/09/2022 18:15

then i guess you will be fine if you are both just buying properties as individuals. how is your current property owned - joint tenants or tenants in common?

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cerealatmidnight · 23/09/2022 18:26

Joint tenants :(

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