- If you jointly own a £250,000 property with a family member, and that family member wants to buy out your 50% share for £125,000, the consideration for the transfer of equity is £125,000.
Stamp duty land tax (SDLT) for a transfer of equity is calculated according to the consideration and the amount remaining on the mortgage, not the full market value of the property.
About the author
Helen is an award-winning legal researcher and author. She is an experienced court litigation report proofreader and has written extensively on legal matters.
Read more about this Quittance Legal Expert
Fixed-Fee Transfer of Equity All-inclusive QuoteGet a quote
Ask a conveyancing expert
If you have any questions about getting a conveyancing quote or any aspect of the conveyancing process, let us know: