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I have a client who is buying a home in a retirement complex. The apartments being offered are not considered large enough so they are purchasing two adjacent apartments with a view to making them at least connecting if not a single unit.
Although they would both have separate deeds are there circumstances where this could be considered a single purchase of a replacement home or will it be the case that my client will be required to pay the additional stamp duty 3% surcharge on the second apartment?
Readers’ thoughts will be very much appreciated.
Query 19 465 – Passerine.
Reply by Steve Kesby
The purchase of the two properties will be linked transactions.
On the face of it the short answer to Passerine’s question is: ‘It’s probably worse than that.’ There may be some planning points though. Since Passerine refers to...
