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3% Surcharge When Buying Out A Partner?


Don London

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Hi,

 

I currently own a second property with a friend as a BTL. We own it 50/50.

 

If I buy out my friend after 1st April 2016 and take 100% ownership of this property, will that incur the 3% extra surcharge?

 

Technically, I was already an owner of this property for the last 10 years.

 

Many thanks for the help,

 

 

Don

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