Those divorcing amicably caught out by stamp duty rules

Couples who choose not to take their divorce through the courts are being penalised by Britain’s stamp duty regime, which adds a 3% levy on top of standard rates for buyers who already owned a property or part of a property. In November, those with specific court orders related to the existing marital home could apply for an exemption on the higher rate, but this leaves couples opting for non-court divorces at a disadvantage, experts say. Caroline Le Jeune, a tax specialist at Blick Rothenberg, said: “These rules seem unnecessarily penal and may trigger additional costs for a separating couple at a point when finances are stretched.”

The Daily Telegraph, Money, Page: 3

Posted 06/01/2018