Law
Ask a Law Question, Get an Answer ASAP!
Hi,
I am afraid there is nothing he can do to avoid the enhanced Stamp Duty, which will be payable if the marital home is not sold on the same day as him completing the purchase. The Stamp Duty payable will be £6,700.00.
However, as and when he is removed form the Deeds to the marital home (or if the marital home is sold) he will be able to claim back the enhanced element of the Stamp Duty which will be £5,520.00 PROVIDED this is done within 3 years of him completing his purchase.
I am sorry this is not the answer you may have been looking for.
If I have assisted, I would be grateful if you could rate my answer with 3-5 stars.
Kind Regards
Al