B buyaka Registered User Messages 23 12 Jun 2007 #1 My wife and I are in the process of separating and I'm considering buying out her share of the house If I do so am do I have to pay any stamp duty or associated tax? Be very grateful for any advice
My wife and I are in the process of separating and I'm considering buying out her share of the house If I do so am do I have to pay any stamp duty or associated tax? Be very grateful for any advice
C ClubMan Registered User Messages 49,234 12 Jun 2007 #2 Not sure if it's relevant in this specific context but this thread might be of interest: Separatees can be treated as first time buyers
Not sure if it's relevant in this specific context but this thread might be of interest: Separatees can be treated as first time buyers
M Madilla Registered User Messages 303 13 Jun 2007 #3 There is no stamp duty or other tax liability on transfer on assets between spouses. There is an exemption from stamp duty for your spouse if she purchases another home and you you retain the existing family home.
There is no stamp duty or other tax liability on transfer on assets between spouses. There is an exemption from stamp duty for your spouse if she purchases another home and you you retain the existing family home.