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  • FIRST POST
    • danfitzjohn
    • By danfitzjohn 10th May 17, 10:57 PM
    • 23Posts
    • 2Thanks
    danfitzjohn
    Stamp duty higher rate question..
    • #1
    • 10th May 17, 10:57 PM
    Stamp duty higher rate question.. 10th May 17 at 10:57 PM
    Hi all


    We have recently repatriated back to Uk after 10 years overseas and are in the process of buying our first home and have recently been shocked to discover we are most likely going to legible for the higher rate of stamp duty..


    We have 3 buy to let properties between us both but have never lived in them or have ever had a main residence in UK.


    So given this scenario and we are buying our first 'home' in UK is it correct that yes we will have to pay the higher rate of stamp duty? What about if the properties were set up in a trust or a company?


    Thanks in advance!


    Dan
Page 2
    • theartfullodger
    • By theartfullodger 19th May 17, 2:13 PM
    • 8,781 Posts
    • 11,615 Thanks
    theartfullodger
    Thanks everyone for your input on this. I think it's ridiculous the fact I have never owned a home to live in this country, i have invested in property as buy 2 let (and already paid stamp duty) and now I come back to live and have to pay a ridiculous amount of stamp duty on my first home!
    ....................
    Does anyone have any ideas??


    Thanks in advance!
    Originally posted by danfitzjohn
    Other ideas? Yes: No offence but, if you don't like the rules, laws or taxation regime of any particular country you are always at liberty to live elsewhere.
    • Crashy Time
    • By Crashy Time 19th May 17, 7:33 PM
    • 4,397 Posts
    • 2,025 Thanks
    Crashy Time
    Hi all


    We have recently repatriated back to Uk after 10 years overseas and are in the process of buying our first home and have recently been shocked to discover we are most likely going to legible for the higher rate of stamp duty..


    We have 3 buy to let properties between us both but have never lived in them or have ever had a main residence in UK.


    So given this scenario and we are buying our first 'home' in UK is it correct that yes we will have to pay the higher rate of stamp duty? What about if the properties were set up in a trust or a company?


    Thanks in advance!


    Dan
    Originally posted by danfitzjohn

    The political climate/general sentiment towards property (especially holding multiple property) has changed a lot since you have been away.
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