Stamp duty question for joint ownership?

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    Stamp duty question for joint ownership?


    I am intending to buy a residential property with a joint mortgage with my partner to live in. I previously owned a residential property which I sold in March 2016 and currently I own a btl property which is rented.
    My partner is a first time buyer and I am not, at present I do not own a residential property and I am wondering if on a purchase price of £400,000 the stamp duty will be £10,000 or £22,000?

    I really appreciate if someone could please clarify that.

    Many Thanks



    The flowchart in the picture explains why (except that 18 months is now 36 months)

    Stamp duty.jpg


      According with the pic I shouldn't pay the high rate because at the end of the day of the transaction I will own 2 properties, but the second property bought together with my partner replace my main residence (which has been sold 2 months ago). So we should pay £10k correct?


        If you still own the BTL, then you will own 2 properties.


          I have just called hmrc and they told me that having sold my residential property last month I have now 35 months left to buy a new main residential property paying the basic stamp duty rate even if I own other BTL properties.
          Can anyone confirm this?


            Which department did you telephone at HMRC and do you have the phone number?


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