How JustAnswer Works:

  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.

Ask bigduckontax Your Own Question

bigduckontax
bigduckontax, Accountant
Category: Tax
Satisfied Customers: 3389
Experience:  FCCA FCMA CGMA ACIS
75394688
Type Your Tax Question Here...
bigduckontax is online now

I am selling my house that has been in my sole name and am

Customer Question

Hi, I am selling my house that has been in my sole name and am moving to another property that will continue to be in my sole name. There is no mortgage involved in the transaction.
I got married 3 years ago and my wife has 50% part ownership in her previous married name with the local council on a flat. She currently rents the flat and pays tax on the income.
I have been told by the solicitor that I will have to pay an additional stamp duty tax taking the cost up by £10,000 . On the government site it asks if I am replacing main residence my solicitor says no and I say yes. Can you please provide some advice that clarify the position.
Thanks for your assistance.
m not replacing my main residence wh
Submitted: 6 months ago.
Category: Tax
Expert:  bigduckontax replied 6 months ago.

Hello, I am Keith, one of the experts on Just Answer, and pleased to be able to help you with your question.

Were You are replacing your sole or main domestic residence. If you own the old and the new simultaneously then the 3% surcharge will apply, but if you dispose of the old withing 18 months of the purchase of the new you can reclaim the surcharge from the Stamp Office. If you own two residences the surcharge cannot be reclaimed.

I do hope that you have found my reply of assistance.

Customer: replied 6 months ago.
Thanks
Expert:  bigduckontax replied 6 months ago.

Delighted to have been of assistance.

Please be so kind as to rate me before you leave the Just Answer site,

Expert:  bigduckontax replied 6 months ago.

I would be delighted to converse with you. Unfortunately I am responding to your question from a time zone 6 hours ahead of BST so the exercise would be a tad expensive!

Customer: replied 6 months ago.
OK then maybe an on-line consultation will help
Expert:  bigduckontax replied 6 months ago.

No problem, ask on.

Customer: replied 6 months ago.
Hi, I am selling my house that has been in my sole name and am moving to another property that will continue to be in my sole name. There is no mortgage involved in the transaction.I got married 3 years ago and my wife has 50% part ownership in her previous married name with the local councilon a flat. She currently rents the flat and pays tax on the income.I have been told by the solicitor that I will have to pay an additional stamp duty tax taking the cost up by £10,000 . On the government site it asks if I am replacing main residence my solicitor says no and I say yes. Can you please provide some advice that clarify the position.
Expert:  bigduckontax replied 6 months ago.

I have already answered your question.

bigduckontax, Accountant
Category: Tax
Satisfied Customers: 3389
Experience: FCCA FCMA CGMA ACIS
bigduckontax and 2 other Tax Specialists are ready to help you
Expert:  bigduckontax replied 6 months ago.

Thank you for your support.

What Customers are Saying:

 
 
 
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C.
< Previous | Next >
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C.
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex
  • Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult. GP
  • I couldn't be more satisfied! This is the site I will always come to when I need a second opinion. Justin
  • Just let me say that this encounter has been entirely professional and most helpful. I liked that I could ask additional questions and get answered in a very short turn around. Esther
  • Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help. Mary C.
  • This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!! Alex
 
 
 

Meet The Experts:

 
 
 
  • Sam

    Sam

    Accountant

    Satisfied Customers:

    7088
    26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
< Previous | Next >
  • http://ww2.justanswer.com/uploads/TA/Tax Expert/2013-8-21_231010_sam.64x64.jpg Sam's Avatar

    Sam

    Accountant

    Satisfied Customers:

    7088
    26 HMRC expertise, PAYE, Self Assessment ,Residency, Rental Income, Capital Gains, CIS ask for Sam Tax
  • http://ww2.justanswer.com/uploads/BI/bigduckontax/2013-8-12_222058_1.64x64.jpg bigduckontax's Avatar

    bigduckontax

    Accountant

    Satisfied Customers:

    2333
    FCCA FCMA CGMA ACIS
  • http://ww2.justanswer.com/uploads/TA/TaxRobin/2013-8-28_16186_femalebusinessprofessionalbinderhand11038485.64x64.jpg TaxRobin's Avatar

    TaxRobin

    Tax Consultant

    Satisfied Customers:

    524
    International tax
  • /img/opt/shirt.png taxadvisor.uk's Avatar

    taxadvisor.uk

    Chartered Certified Accountant

    Satisfied Customers:

    2845
    FCCA - over 35 years experience as a qualified accountant (UK based Practitioner)
  • http://ww2.justanswer.com/uploads/MS/MsAM/2012-6-9_16426_anna.64x64.jpeg Anna's Avatar

    Anna

    Teacher, writer, biologist

    Satisfied Customers:

    270
    Great research skills, variety of work experiences, teaching experience.
  • http://ww2.justanswer.com/uploads/PD/pdheslin/2012-6-6_232056_pambig.64x64.jpg pdheslin's Avatar

    pdheslin

    Consultant

    Satisfied Customers:

    51
    20+ years of internet site creation and search engine optimization. Dozens of search tools at my disposal.