(2) whether the homebuyer, when purchasing the final 20 per cent. of the equity, having previously purchased up to 80 per cent., will be required to pay stamp duty on 100 per cent. of the property’s total capital value or only the final 20 per cent.
Both social homebuy and new build homebuy are shared ownership schemes.
When the homebuyer in a shared ownership arrangement purchases the final 20 per cent. of a property, having previously purchased 80 per cent. free of SDLT, they will only pay stamp duty land tax on the final 20 per cent. of the property.