36 months SD rule

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    36 months SD rule

    With one property let out, I am looking to buy a second to live in. Is it possible to do this now paying the extra 3% then sell the let property in a year's time and have the 3% refunded?

    #2
    How do we know what changes will be brought in over the next 3 years?
    I am legally unqualified: If you need to rely on advice check it with a suitable authority - eg a solicitor specialising in landlord/tenant law...

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      #3
      I was just referring to the 36 month refund rule and whether it would apply in my situation?

      Comment


        #4
        Based on the consultation document, no.
        You aren't replacing your main residence, so the refund doesn't look like it applies.
        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).

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          #5
          Thanks, wasn't sure. My tenant wants to stay so I wondered if I could give her another year before marketing the flat. Looks like I will have to sell before buying again.

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