Stamp duty exemption
Stamp duty exemption
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philv

Original Poster:

5,374 posts

243 months

Sunday 8th November 2020
quotequote all
What is the stand duty if i move home and i have a buy to let?

Is the stamp duty exemption applicable to me because it is my home?
Or does having a buy to let already mean i have to pay stamp duty on main home move/purchase?

Thanks

anonymous-user

83 months

Sunday 8th November 2020
quotequote all
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 [even if you own a BTL as well].

If you have not sold your main residence on the day you complete your new purchase you’ll have to pay higher rates. This is because you own 2 properties.
You can [later] apply for a refund if you sell your previous main home within 36 months.

https://www.gov.uk/stamp-duty-land-tax/residential...

996c2

470 posts

194 months

Sunday 8th November 2020
quotequote all
You'll be OK.

There's no extra 3% stamp duty penalty if you're Replacing your primary principal residence even if you have other properties as BTLs.

philv

Original Poster:

5,374 posts

243 months

Sunday 8th November 2020
quotequote all
Thank you.

anonymous-user

83 months

Sunday 8th November 2020
quotequote all
996c2 said:
You'll be OK.

There's no extra 3% stamp duty penalty if you're Replacing your primary principal residence even if you have other properties as BTLs.
Are you sure?