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?
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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... -
I was just referring to the 36 month refund rule and whether it would apply in my situation?Comment
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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).Comment
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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.Comment
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