Q My three siblings and I inherited property from my great-aunt after she died in 2006. So my question is: what is the situation with stamp duty land tax? We each have a 25% share in my late aunt’s cottage, so will we be liable for the higher rate of stamp duty on our potential purchases because of this? KMA No you won’t be liable for the higher rate of stamp duty land tax (SDLT). Because you are selling your main residence and buying another main residence to replace it, the higher rates of SDLT – which are standard SDLT rates plus three percentage points – do not apply.

Source: The Guardian June 24, 2019 06:00 UTC