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Ask Jeremy Aldermartin Your Own Question
Jeremy Aldermartin
Jeremy Aldermartin, Solicitor
Category: Property Law
Satisfied Customers: 5907
Experience:  Dual qualified Solicitor and Attorney
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My Father passed away in august this year. He owned his

Customer Question

Hello,
JA: Hello. How can I help?
Customer: My Father passed away in august this year. He owned his house valued at £300,000 recently. My sister and I are the executers of his will and can eventually share 50% of the property. She is using the house as her home where I rent in London. Does this make me liable for property tax when I buy a property to live in, in the future?
JA: Where are you? It matters because laws vary by location.
Customer: London UK The house is in Kent
JA: What steps have you taken so far?
Customer: We havent processed probate yet. We only have his death certificate and will
JA: Anything else you want the Lawyer to know before I connect you?
Customer: I dont think so
Submitted: 7 months ago.
Category: Property Law
Customer: replied 7 months ago.
Expert:  Jeremy Aldermartin replied 7 months ago.

Hi thank you for your message, if you own that house and purchase another house then this will be classified as a second home so you would have to pay the higher rate of stamp duty as a second home. I hope this helps, if you can please accept my answer and rate me 5 stars (in the top right of your screen) then Just Answer will credit me for helping you today.

Customer: replied 7 months ago.
Thanks
Even if my sister is living in it?
Expert:  Jeremy Aldermartin replied 7 months ago.

Yes because you will still have a share of a another property. I hope this helps, if you can please accept my answer and rate me 5 stars (in the top right of your screen) then Just Answer will credit me for helping you today.