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3% Surcharge When Buying Out A Partner?

Don London

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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,




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