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Inheritance and first time buyer Stamp duty

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  • Inheritance and first time buyer Stamp duty

    Hi

    We recently were named in a Will as 25% beneficiary of a family members estate with that estate was a house. The house was never transferred into our names but we received 25% of the sale price.

    My question is, are we still first time buyers in the eyes of the law or are we not and as such now liable to pay full stamp duty?

    Would appreciate anyones thoughts?
    ​​
    Tags: None

  • #2
    Hi and welcome.

    When the testator died his property is owned by a trustee (normally the executor of the will) who then disposes of it according to the will.
    In this case I assume the trustee sold the property and then distributed the proceeds as required.
    If that is correct you are still first time buyers

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