Question 1

How is stamp duty calculated on shared ownership?

Accepted Answer

You can either pay SDLT on the full market value upfront (market value election) or only on the share you are buying. The market value election is often better as it means no further SDLT on future staircasing.

Question 2

Do first-time buyers get relief on shared ownership?

Accepted Answer

Yes. First-time buyers pay 0% on the first £300,000 and 5% on £300,001–£500,000, provided the full market value does not exceed £500,000.

Question 3

What is the market value election for shared ownership?

Accepted Answer

The market value election allows you to pay SDLT on the full market value of the property upfront, even though you are only buying a share. The benefit is that you pay no further SDLT when you staircase to higher ownership percentages.

Shared Ownership Stamp Duty Calculator

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