Miss T and Mr C (a couple) are buying a freehold property on one title which will be their main residence. It has a self-contained flat within it. The total price is £1 250 000 with the flat valued at £375 000. It is a higher rate SDLT matter as Miss T has a property that will not be sold at the same time. However it is on the market and presumably there can be an application for a refund if it is sold within three years of the purchase. Miss T’s interest in her other dwelling has a market value of £40 000 or more and is not reversionary on a lease with an unexpired term of more than 21 years. In addition the couple are buying a freehold garage which is...
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Miss T and Mr C (a couple) are buying a freehold property on one title which will be their main residence. It has a self-contained flat within it. The total price is £1 250 000 with the flat valued at £375 000. It is a higher rate SDLT matter as Miss T has a property that will not be sold at the same time. However it is on the market and presumably there can be an application for a refund if it is sold within three years of the purchase. Miss T’s interest in her other dwelling has a market value of £40 000 or more and is not reversionary on a lease with an unexpired term of more than 21 years. In addition the couple are buying a freehold garage which is...
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