stamp duty query

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    stamp duty query

    Hi guys, im looking to buy a house in the next 6 months, i have a buy to let property and now live in a rental. Would I have to pay the new stamp duty. my BTL was my main residence till 8 months ago.

    Thanks Much appreciated

    #2
    Yes. SDLT ( Stamp duty land tax ) is charged for registering the new owners name at Land Registry ( this applies to everybody) .

    The proposed extra 3% tax is charged on registration date if you already have another residential property registered under your name. ( to be confirmed in budget due on Weds 16 March 2016 )

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      #3
      Gordon999 is once again spot on , it makes absolutely no difference if you made your primary residence a BtL one month ago or ten years ago and now wish to purchase a second property either for investment or to be your primary residence then the 3% premium will apply.

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