Our Conveyancing Legal Hour is hosted by Karen Chui, Principal Associate in our Residential Property Department.
If you require further help regarding buying and selling a property, please phone us on 01279 755777 or contact Karen Chui directly.
Our Conveyancing Team will be hosting the Nockolds Legal Hour on the following dates:
|Wednesday 19th July 2017 ||12pm - 1pm |
|Wednesday 30th August 2017 ||12pm - 1pm |
|Wednesday 11th October 2017 ||12pm - 1pm |
|Wednesday 22nd November 2017 ||12pm - 1pm |
Our Latest Legal Hour Questions (19.07.17) Read your previously answered questions here
If I am selling my principle residence and buying a replacement property would I incur the additional Stamp Duty Surcharge? I am buying the property jointly with my girlfriend who owns her own property but is not intending to sell it.
Due to the complex legislation passed by the government regarding the 3% surcharge levied on additional properties purchased it was intended that all but the most straightforward scenarios would be caught. The exemption most relied upon is the one you mention however, both purchasers must qualify in order not to pay therefore if you are purchasing with your girlfriend and she already owns another property you will have to pay the additional 3% although in the event that she sells her own property if it is her principle residence in the next 3 years then you may be able to apply for a rebate.