Joint owners on a property worth £75k, we each own £37.5k worth each.
Would we be liable for second property stamp duty on a second property as none of us individually own an asset worth 40k.
I understand if my husband was to buy a second property on his own he would not be liable as he doesn’t have a property asset worth 40k.
I understand if I was to buy a second property on my own I would not be liable as I don’t have a property asset worth 40k.
Are we liable if we both buy another joint property? Thanks for any guidance.
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