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Ruth Kerley Partner Coles Miller


by on 19th Apr 2012


Ruth KerleyThe Government has stated that provided certain conditions are met Stamp Duty will not apply for First Time Buyers on property purchases up to £250,000.

The main criteria are:

  • The purchased property will be occupied as the only or main home.
  • Purchasers have never owned or part owned any other property in this country or abroad.
  • The property will only be used for residential occupation.
  • The purchase of the property will not be linked to any other property transaction.
  • The property will be bought in the names of the purchaser(s) only.
  • No other reliefs in respect of Stamp Duty are being claimed.

Coles Miller are requesting that First Time Buyers sign a declaration to claim this relief.

This document is not intended to constitute and should not be used as a substitute for legal advice on any specific matter. No liability for the accuracy of the content of this document, or the consequences of relying on it, is assumed by the author. If you seek further information, please contact Managing Partner Neil Andrews at Coles Miller Solicitors LLP.