SDLTM29890 - Interaction with Shared ownership 바카라 사이트“ Staircasing transactions
The relief for first-time buyers does not apply to subsequent transactions where the purchaser, after being granted the lease, purchases further shares in the property (commonly referred to as 바카라 사이트œstaircasing바카라 사이트™바카라 사이트™). Any staircasing transaction will not lead to the withdrawal of the relief claimed on the grant of the lease, even if the total paid for all the transactions exceeds £625,000.
Where no market value election is made, no further SDLT will be due until the purchaser increases their ownership share in the property over 80%. Here the normal rules for shared ownership, including the standard SDLT residential rates and method of calculation, apply to the transaction that takes the purchaser바카라 사이트™s ownership share over 80% and any subsequent staircasing transactions.