Stamp Duty and Property

Mixed use property

Mixed use property is property with a residential and non-residential part, for example, a shop with an apartment upstairs.

Another example of mixed-use property is where the curtilage exceeds 1 acre. Curtilage includes gardens, paths, driveways, yards, garages or sheds used in conjunction with a house.

When the property is mixed use, you must apportion the consideration for the property between the residential and non-residential parts. If you receive the property as a gift you must apportion the market value.

You should keep a record of how you reached the decision to apportion the consideration.

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