Buy a portion of a property - is stamp duty paid?

sarah_ccc

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Joined: Jul 2020

Posts: 8
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Buy a portion of a property - is stamp duty paid?

13th February 2022, 15:18:PM

My retired mother owns her home outright (no mortgage), and is looking to release some equity in the house. Is it possible for me to buy 50% of the property? Assume no mortgage is needed.

Is stamp duty required in this instance? And as I already own a home, would the 3% extra charge still be applicable?

Thank you.

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Buy a portion of a property - is stamp duty paid?

Buy a portion of a property - is stamp duty paid?

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