Thank you for your question.
This is relevant to your scenario ....
Married couples & civil partnerships
For the purpose of property ownership, married couples and civil partnerships are seen as one unit. This means that if one person already owns a property, any subsequent residential purchase by either person will be seen as an additional property for both individuals.
Married couples living separately, who are separated in circumstances that are likely to be permanent, will now be treated individually and not as one unit.
Stamp Duty does not apply to inherited property so there is no SDLT to pay. If someone who has inherited a property then goes on to purchase another home this could be counted as an additional property.
If however someone has inherited a small share (50% or less) in a single property within 36 months prior to purchasing a new property, they should not be liable for the higher SDLT rate.
This exemption has been introduced to provide flexibility for purchasers who may find it difficult to dispose of a share in an inherited property.
You say your wife inherited 25% of a property about 4 years ago (more than 36 months prior to purchasing a new property).
More information on this can be found here
Having considered both aforementioned points, it appears you would be liable to additional 3% stamp duty. I am sorry if this is not what you expected.
I hope this is helpful and answers your question.
If you have any other questions, please ask me before you rate my service – I’ll be happy to respond.
Thank you for your reply..
You won’t have to pay the additional stamp duty on homes worth less than £40,000, or on caravans, mobile homes or houseboats.
This does not apply to the property your wife inherited about 4 years ago but would apply if you were to buy a house worth less than £40k.
From 1 April 2016 the rates for Stamp Duty Land Tax (SDLT) will be higher if you buy an additional residential property for £40,000 or more in England, Wales and Northern Ireland.
look at this here
I hope this is helpful.
Thank you for your reply.
I would refer you to the following from my previous posting link..
What properties aren’t included
You won’t have to pay a higher rate if the additional property is:
There are also certain rules which apply when one of your residential properties has been inherited.
I would like you to read Chapter 3 here
The higher rates will apply to the purchase of a major interest in a
single dwelling by an individual, if at the end of the day of purchase
Conditions A to D are met.
I hope this is helpful
There is little I can add to what has been said previously. Please look at page 14 dealing with special rules for applying condition C