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Surplus SDLT

Answer
Batuo Bodhidharma
Posted Tue, 01 Oct 2024 07:39:06 GMT by Batuo Bodhidharma
A child who has their property mortgaged applies for a mortgage to buy a house for their parents. The property is titled at the Land Registry, subject to Lend's decision, and is in the parent's name. 1. Is surplus SDLT incurred? 2. Is surplus SDLT incurred if the Lender requires the parent's name on the mortgage? 3. Is surplus SDLT incurred if the child is the guarantor to secure a mortgage for their parents?
HMRC Admin 19 Response
Posted Tue, 08 Oct 2024 07:51:55 GMT by HMRC Admin 19 Response
Hi,
Please contact the Stamp Duty Land Tax team for advice.
Stamp Duty Land Tax
Thank you.

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