Can you avoid stamp duty if our home is in my name and we buy buy to let property in wife’s name?
Can you avoid stamp duty if our home is in my name and we buy buy to let property in wife’s name?
The home that my wife and I live in is in my name only as I bought it myself before we were married. If we buy a second property, would it be possible to avoid the extra stamp duty by putting it only in my wife’s name? And if so would that mean she would have to apply for the mortgage alone?
Mail Online’s property expert Myra Butterworth replies: Marriage has often been something that has been supported by Government with initiatives such as the marriage tax allowance.
But when it comes to the stamp duty surcharge of 3 per cent that is charged on second homes, it is a different story. The Government penalises married couples if they each want to own a property.
You can read the full article published in This is Money
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