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stamp duty

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chipmunk68
Posted by
New Member

13 Jun 11 #272742 by chipmunk68

Topic started by chipmunk68

My ex husband and i are divorced but waiting on the Consent Order to go to court.... My new partner and i are buying him out for 47k, do we have to pay stamp duty on this??

.Charles
Platinum Member

13 Jun 11 #272756 by .Charles

Reply from .Charles

Generally where people divorce and there is transfer of ownership pursuant to the terms of an order, no stamp duty is payable.

However, in your situation it rather depends upon the value of the property and the value of the proposed share of the property that your partner is to take on.

There is more guidance at HMRC but it may be as clear as mud. The tax helpline that they have can be quite effective.

www.hmrc.gov.uk/sdlt/calculate/transfer-ownership.htm

Charles

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