Money Lesson Couple

Whose name is on the deeds

One of you already owns a flat and you are buying a house together.

The extra Stamp Duty is the bill you will see; the one you will not see is twenty years of rent taxed at the wrong person's rate, and a sale at the end that hands the money to one of you rather than to both.

Employment Property Savings Account ISA Investments Expenses

Put the flat in both names

1 Goal

Hold the flat jointly, so its rent and its eventual gain are shared between two sets of allowances and two sets of bands.

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Employment Property Savings Account ISA Investments Expenses

Leave it in one name

1 Goal

Keep the flat exactly as it has always been, in the name of the person who bought it.

Try this plan

Put the flat in both names Leave it in one name

Moving half the flat into his wife's name costs nothing to do and leaves this couple ~£92k better off by the end.