Does the 3% additional rate of SDLT apply when a wife transfers properties into joint names with her husband?

Home Forums Patrick Cannon Does the 3% additional rate of SDLT apply when a wife transfers properties into joint names with her husband?

This topic contains 1 reply, has 1 voice, and was last updated by Does the 3% additional rate of SDLT apply when a wife transfers properties into joint names with her husband? by Patrick Cannon 1 Patrick 30th May 2017 at 4:36 pm.

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    Does the 3% additional rate of SDLT apply when a wife transfers properties into joint names with her husband? by Patrick Cannon 2
    Simon Quilley

    Can someone reality check this for me? Wife intends to transfer two solely owned properties (neither has a mortgage) in to joint names of self and husband. There is a third, jointly owned property which is their residence and which they propose to exchange for a more expensive one. They will mortgage both of the transferred properties to raise the equality monies to effect the exchange. My conclusion is that none of the above should attract higher rate SDLT. Anyone differ?

    #819 Reply
    Does the 3% additional rate of SDLT apply when a wife transfers properties into joint names with her husband? by Patrick Cannon 3
    Patrick

    Simon, yes I agree that there will not be a higher rates transaction here.

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