Selling and moving residential property but have a buy to let 3% stamp duty?

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    Selling and moving residential property but have a buy to let 3% stamp duty?

    Hi. I'm struggling to understand the rules regarding the additional 3% stamp duty on a second home. I own a buy to rent house. I own and live in my residential property. I want to sell my current residential property and move into a new residential property. Because I own a buy to let do I need to pay the extra 3% stamp duty?

    #2
    Originally posted by marekgrabiec@hotmail.com View Post
    Because I own a buy to let do I need to pay the extra 3% stamp duty?
    Yes, but you can reclaim it.
    When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
    Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

    Comment


      #3
      Originally posted by marekgrabiec View Post
      Because I own a buy to let do I need to pay the extra 3% stamp duty?
      No.

      https://www.gov.uk/stamp-duty-land-t...property-rates

      If you’re replacing your main residence

      You will not pay the extra 3% SDLT if the property you’re buying is replacing your main residence and that has already been sold.

      Comment


        #4
        Thanks. That makes sense.

        Comment

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