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Discover LudwigExact(1)
In your case, because the total of the cash your partner is paying plus the amount of mortgage being taken on exceeds the stamp duty threshold of £125,000 (in the 2013-14 tax year), there will be an tax bill.
Similar(56)
A tax is a metaphorical burden.
Why a tax?
A tax on banks.
A tax increase looms.
Try a tax cut.
I am a tax lawyer.
"They have a tax base.
"This bill is a tax.
Not even a tax deduction.
"Was this a tax increase?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com