The_Banker
Registered User
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Recently my 4 siblings and I inherited a house. We each own a 1 fifth share. It has been on the market and it is under offer.
However, my brother would now like to buy the house but he would only be buying the other siblings 4 fifths as he inherited 1 fifth.
He is already a home owner so he will have to pay stamp duty. However, will he have to pay stamp duty on 4 fifths of the house or on the full value of the sale?
However, my brother would now like to buy the house but he would only be buying the other siblings 4 fifths as he inherited 1 fifth.
He is already a home owner so he will have to pay stamp duty. However, will he have to pay stamp duty on 4 fifths of the house or on the full value of the sale?