A parent intends to help their daughter buy her first home by taking a 25% stake in the property. He will continue to live in his current main residence. Will the higher rates of stamp duty land tax for additional residential properties apply?
Yes. When a property is acquired by joint owners the higher rates apply if the transaction would have been a higher rates transaction for any of the joint purchasers considered individually. Your client is buying an interest in an additional residential property which is not replacing his main residence so the higher rates will apply to the whole transaction.