- Is the stamp duty payable by the daughter & son in law calculated on the consideration, or the market value?
Always market value. Otherwise we could all sell our properties to our friends for 50p and pay no stamp duty!
- Does the parent/daughter relief apply for half or do you lose the relief between family due to both her and her husband being the purchasers.
Has to be blood relations only. No spouses.
My understanding is that daughter takes and then, in three years time, transfers into joint names. Otherwise, there are CAT and stamp duty issues.
Of course, what is usually going on, is that daughter and hubby want to renovate the house and need to borrow big money which they can only borrow on the basis of the property being in their joint names.
mf