Sign up to get our free landlord tax strategies


To receive our seven FREE landlord tax saving strategies just simply complete the form below and the first strategy will be emailed to you immediately.

Sign up to get our free landlord tax strategies

Thank You!

Seven FREE property tax busting strategies reveal the secrets of how to legitimately beat the taxman and boost your property profits!
View All Questions

Would there be an additional stamp duty land tax liability?

Question I purchased my home using the ‘key worker’ scheme and when I brought it was valued at £163,000. I purchased an additional percentage of the share last year using the ‘stair casing’ scheme, and this year I am purchasing the remaining percentage, so I will then be paying the mortgage as the sole owner. However, house prices have gone up and the house is now valued at £260,000, although I am only buying the remaining 12% so I now own the total 100%. Am I liable to pay stamp duty land tax? We live in a deprived area so we may be in the exemption area (i.e. Dagenham RM9)

Arthur Weller replies:
If you look at www.gov.uk/government/uploads/system/uploads/attachment_data/file/508272/GuidanceNote_Final.pdf (question 16 on page 26), you can see that if this is the only residential property that you own, you will not have to pay the additional 3% stamp duty land tax.

Property Tax Insider This sample question and answer is taken from Property Tax Insider, a monthly UK tax saving magazine for landlords and property investors.

The first issue is free so click here to try today!

Got a burning tax question?

Why not submit a tax question to our tax advisors

Ask a Question