Wednesday, 25 April 2012

Is stamp duty payable when splitting a property portfolio? | Money | guardian.co.uk

Is stamp duty payable when splitting a property portfolio? | Money | guardian.co.uk

Q My husband and I are divorcing and splitting a portfolio of houses between us. I believe there is no stamp duty obligation for the two houses that will transfer to me, even though the combined purchase price was £340,000, but would be grateful if you could clarify. However, I am unsure of the position regarding properties retained by my husband, as he is adding his new partner on to the mortgages. There are three houses in total, which cost £114,000, £153,000 and £163,000. Is there a stamp duty obligation? JC

A In the words of HM Revenue & Customs ....

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