First Time Buyer Stamp Duty Land Tax

Posted on 21 June 2010 by Niki

My fiancé and I are planning to buy a house together. He currently owns a flat, but I am a first time buyer. If we buy the house in my name, could I then, at some point, sign half of it over to my fiancé's name, or would we then have to pay the stamp duty?


The following passage is taken from

"First-time buyers

If you are a first-time buyer the threshold for when you start to pay SDLT is £250,000. This is only if you have never owned a house or flat in the UK or anywhere else in the world. If you are buying with someone else they must never have owned property before either. This higher threshold applies to purchases made on or after 25 March 2010 and before 25 March 2012

If you buy the house in your sole name you will qualify for the increased threshold and not have to pay Stamp Duty Land Tax (SDLT) unless the purchase price is over £250,000.  If you buy the property in joint names this threshold falls to £125,000 and you will have to pay SDLT on the whole purchase price above this figure. 

It is possible to sign over half of the property in the future, subject to your mortgage Lender's consent and depending on the value of the property and the share handed over it is very possible that SDLT will be payable.

I recommend that you ask your Solicitor to calculate how much SDLT would be payable now if you were to buy in joint names and how much would be payable if you were to transfer a share at a later date.  You should also discuss the difference between buying as Joint Tenants and Tenants in Common.


Answers provided in response to Ask the experts are based on the information provided and do not constitute advice under the Financial Services & Markets Act. They reflect the personal views of the authors and do not necessarily represent the views, positions, strategies or opinions of John Charcol. All comments are made in good faith, and John Charcol will not accept liability for them.

We recommend you seek professional advice with regard to any of these topics where appropriate.

Stay connected....

Association of Mortgage Intermediaries



John Charcol is a trading name of John Charcol Limited and its Appointed Representatives. John Charcol Limited is authorised and regulated by the Financial Conduct Authority. The Financial Services Register number is 665649. Registered in England No. 9157892. Registered office address for John Charcol Limited is 5th Floor, Cutlers Exchange, 123 Houndsditch, London, EC3A 7BU. The FCA does not regulate some investment mortgage contracts. Calls may be recorded for training and monitoring.