Does 3% additional stamp duty apply?

Unmarried couple

Didn't find your answer?

Im pretty sure it doesnt apply but just wanted to double check.

unmarried couple with 4 children together live in family home which is owned by Mr X, Miss Y would like to purchase a property in her name (although funded by Mr X) as a BTL.

Because it is her only property and they are not connected,  I understand that the purchase will not be subject to the additional 3% surcharge?

Is it an issue that purchase (with no mortgage) is funded by her partner?

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By thehaggis
16th Jan 2018 17:24

Which statement accurately sums it up:

a) Miss Y would like to purchase a property in her name

or

b) Mr X would like to purchase a property in Miss X name.

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By Justin Bryant
16th Jan 2018 17:32

The SDLT 3% surcharge penalises married couples only in this situation, so this should be OK (as long as the loan is formally documented to prevent any argument of a resulting trust re the property in favour of Mr X).

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By Tax Dragon
17th Jan 2018 08:28

Jigs wrote:

Is it an issue that purchase (with no mortgage) is funded by her partner?


Could be a major issue (and not just SDLT). Depends on what he wants from the arrangement.
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