How to avoid stamp duty on second home
i f you are planning to buy a second home, it's important to know how to avoid paying stamp duty on the property. In most cases, stamp duties are applied to the main home only. But you can get a waiver if you have a civil partnership or a marriage. But if you're purchasing a second property on your own, you can also ask for a waiver. There are a few ways to avoid paying this tax on the property. Often, the best way to avoid paying stamp duty on a second home is to transfer ownership to a family member. Some people do this by gifting money or using their savings to offset the mortgage. Another way to avoid paying stamp duty is to have a family member be your guarantor for the mortgage. You must be sure that the family member you are buying the property for will allow you to use it for holiday purposes. However, avoiding stamp duty on a second home can be tricky, so it's important to know how to avoid it. One method is to extend the lease on your current prop...