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  • FIRST POST
    • darioolivares
    • By darioolivares 28th Nov 17, 5:27 PM
    • 3Posts
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    darioolivares
    Stamp duty with a property abroad.
    • #1
    • 28th Nov 17, 5:27 PM
    Stamp duty with a property abroad. 28th Nov 17 at 5:27 PM
    HI all,

    I have a house abroad since 2006. It has never been my main residence as I rented since I bought it. My plan is to sell the house in the near future as i do not get any profit from it as the rent is lower than the mortgage.

    I am also in the process of buying a house in England with my girlfriend (she does not have a house elsewhere). We are living in a rented property.

    Is there a way to escape the 3% SDLT for second residence?

    Thank you very much.
Page 1
    • Sootoo
    • By Sootoo 28th Nov 17, 5:53 PM
    • 20 Posts
    • 9 Thanks
    Sootoo
    • #2
    • 28th Nov 17, 5:53 PM
    • #2
    • 28th Nov 17, 5:53 PM
    I bought a property in UK having lived in Bulgaria and didn't have to pay the extra 3% stamp duty because in Bulgaria you have to set up a company to buy a property. If that isn't the case with you then unfortunately I think you'll be liable for it
    • davidmcn
    • By davidmcn 28th Nov 17, 7:20 PM
    • 6,262 Posts
    • 6,040 Thanks
    davidmcn
    • #3
    • 28th Nov 17, 7:20 PM
    • #3
    • 28th Nov 17, 7:20 PM
    Is there a way to escape the 3% SDLT for second residence?
    Originally posted by darioolivares
    Yes, you sell the foreign property before buying. Or put the new property solely in your girlfriend's name.
    • darioolivares
    • By darioolivares 28th Nov 17, 7:29 PM
    • 3 Posts
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    darioolivares
    • #4
    • 28th Nov 17, 7:29 PM
    • #4
    • 28th Nov 17, 7:29 PM
    Thanks for your reply!

    Do you know if I sell the property, that I am renting abroad, in the next 36 months after buying the property in the UK Can I claim the refund of the stamp duty?
    • gingercordial
    • By gingercordial 28th Nov 17, 7:39 PM
    • 1,041 Posts
    • 1,026 Thanks
    gingercordial
    • #5
    • 28th Nov 17, 7:39 PM
    • #5
    • 28th Nov 17, 7:39 PM
    Thanks for your reply!

    Do you know if I sell the property, that I am renting abroad, in the next 36 months after buying the property in the UK Can I claim the refund of the stamp duty?
    Originally posted by darioolivares
    No you can't, because it is not your main home (you are not living in it and never have).
    • darioolivares
    • By darioolivares 29th Nov 17, 7:06 AM
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    darioolivares
    • #6
    • 29th Nov 17, 7:06 AM
    • #6
    • 29th Nov 17, 7:06 AM
    Yes, you sell the foreign property before buying. Or put the new property solely in your girlfriend's name.
    Originally posted by davidmcn
    I can imagine, if we decide to put the house only in one name but the Mortgage in both. In case, there is a problem in the couple, I wont have any right in the property, but I will have to still pay the mortgage.

    This is a hypothetic situation, that hopefully never is going to happen.
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