Chippy_boy
Well-Known Member
Sorry but you are mistaken. It hinges upon whether a person has a beneficial interest in the property. If they do, then it continues to count as a home for SDLT purposes. So the question becomes whether she has a beneficial interest. If she merely visits for several weeks per year, she may not be classed as having a beneficial interest. But if she is able to go to the property at any time for life (of the property) - which given the situation with her son would seem likely - then she does have a beneficial interest and the additional 3% SDLT is payable on her next home.You’re simply factually wrong and you’re googling the wrong things. It doesn’t matter where she is living, the whole point of stamp duty is ownership. When her child turns 18, he will become the legal owner of the house. Until then, the parents are considered owners, even though it’s owned by the trust.
Of course I’m not going to accept it, it’s not a debate or an opinion that you’re entitled to, as I said you are just wrong.
And on your last point, colour me surprised you haven’t read the ethics report ;)
Google it if you wish, or not. I really don't care if you want to continue to believe you're right when you're not.