Abolish stamp duty for cohabiting couples who split & buy share of co-owned home
If a cohabiting couple split up & one party would like to buy the other out of the family home to remain & create stability for children etc then stamp duty is liable on any share of the house bought from the leaving party & the mortgage debt taken on. Married couples do not pay this tax.
Rachel Reeves
Chancellor
Similar motions
Abolish 0.5% Stamp Duty Reserve Tax on UK-Listed Equities
Abolish inheritance tax
Scrap stamp duty on share transactions bought within an ISA
Introduce a Home Ownership Savings Account with tax relief for first-time buyers
Abolish Ground Rent for Existing Residential Leasehold Properties
Abolish stamp duty for cohabiting couples who split & buy share of co-owned home
If a cohabiting couple split up & one party would like to buy the other out of the family home to remain & create stability for children etc then stamp duty is liable on any share of the house bought from the leaving party & the mortgage debt taken on. Married couples do not pay this tax.
Similar motions
Abolish 0.5% Stamp Duty Reserve Tax on UK-Listed Equities
Abolish inheritance tax
Scrap stamp duty on share transactions bought within an ISA
Introduce a Home Ownership Savings Account with tax relief for first-time buyers
Abolish Ground Rent for Existing Residential Leasehold Properties