Inherited a share in a home? Check first-time buyer relief before you buy
Inherited property can affect whether you count as a first-time buyer for stamp duty. First-time buyers in England and Northern Ireland pay no stamp duty land tax (SDLT) on the first £300,000 of a home costing up to £500,000, and 5% on the part from £300,001 to £500,000. The relief is worth up to £5,000. […]
