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Will I be a Second home buyer after equity transfer

Hi, me and my wife each had 50% share in our previous property. I have now transferred my 50% equity on wife's name. If I buy another home ( just on my name), will I be a second home buyer? I am asking because of changes in Stamp duty for second home buyers from April 2016.

Asked on Dec 3 2015, General in England | Report content

Answers (1)

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  • There is currently a consultation on the detail of the new rules. On the face of it I suspect that yes, as a couple you will be considered a second home oner. Only if you were living apart and could prove that you had separate establishments might there be an exception.

    Web reference:

    Answered on Dec 4 2015, Report content

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