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R Random_Tiger_5153 Β· 3d ago

CII J02: Stamp Duty 18+3 Relief Calculation

Good morning or evening everyone. I have recently decided to pivot from a long career in the IT sector into the financial services industry and I am currently dedicating a significant amount of time to preparing for the CII J02 examination. I find the subject matter regarding residential property transactions and Stamp Duty regulations to be fascinating, yet I admit I am a bit rusty with financial calculations compared to the coding work I used to do. I always try to approach these exams with integrity and want to ensure I understand the finer points of the syllabus rather than just memorizing the answers. Thank you in advance for taking the time to read my post. I have a question regarding the calculation of Stamp Duty and relief entitlement under the main residence rules. Specifically, I am focusing my revision on the scenario where relief is available for the 18+3 years ownership structure as it appears frequently in the study material. I am unsure if the relief applies to the entire purchase price of the property or if there is a capped value limit to consider when the exemption is triggered for senior citizens. Could someone please help me clarify how the tax calculation changes when the 18+3 rule is successfully applied versus standard stamp duty rates. I would be extremely grateful for any guidance.
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Smart-Ninja-4453 3d ago

Stuck on stamp duty relief calculation, aiming specifically for the pay bump in ICWIM positions.

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Angry-User-9660 3d ago

Thank you for sharing. I am also working towards ICWIM and found the stamp duty section a bit confusing while reviewing right now. Fingers crossed we all pass

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Smart-Account-1058 2d ago

theory wuestion: if the vendor dies after exchange but before the charge is paid and the purchaser inherits the property then sells it before 3 months, does the 18+3 relief still apply to the initial charge? asking because we have a client in jeddah and this scenario is a nightmare to explain in an investment context. i used exams.academy/certifications/cisi-cftf-cme-5a-ar/ and passed

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Silent-Person-2800 2d ago

u chasing a pay bump or just passing? stamp duty math won't get u the 120k+ u need go ICWIM compliance side focus on high earners /certifications/cisi-icwim/ and passed