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ARTICLE · 02 DECEMBER 2019

Stamp Duty Tax Relief

My husband and I want to buy a house. I owned a house which I sold five years ago, but my husband has never owned property. If we buy a house together, do we count as first time buyers

United KingdomReal Estate and Construction
Hewitsons LLP
Hewitsons LLP

02.10.2019

My husband and I want to buy a house. I owned a house which I sold five years ago, but my husband has never owned property. If we buy a house together, do we count as first time buyers and so could we qualify for stamp duty tax relief?

The relief from stamp duty land tax (SDLT) was introduced in 2017 for first time buyers wanting to buy residential property for £500,000 or less, and intending to occupy the property as their only or main residence.

First time buyers no longer have to pay SDLT at all on properties worth up to £300,000. If the property is worth between £300,000 and £500,000 they pay no SDLT on the first £300,000 but will pay the standard five per cent on the remaining amount.

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