Higher rates of SDLT - Confused

kayfaz

I've had a read through many many different websites, including the governments, but still a little confused with my situation.

Here is the scenario.

Property A - Residential Mortgage and currently living in it.
Property B - BTL Mortgage - currently tenanted.

If I sell property A and move in to property B, but buy another BTL property (Property C). Would I have to pay Higher rate of SDLT on purchasing property C because at the end of the transaction I would still only have 2 properties.

Pixie5740

I think so because property C wouldn't be replacing your main residence which would now be property B.

kayfaz

Thanks Pixie5740

Think I might have to call HMRC to confirm, enquired with Mortgage Advisor and Accountant, they weren't sure either.

Daniel54

kayfaz wrote: »

Thanks Pixie5740

Think I might have to call HMRC to confirm, enquired with Mortgage Advisor and Accountant, they weren't sure either.

It's actually very clear.You would not be replacing your main residence and you would be buying an additional property,which would be liable to the additional SDLT

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

beecher2

Strange that they weren't sure as it seems pretty straightforward to me, you'd have to pay the additional SDLT on property C. Assume you'd have to change property B's mortgage to a residential one before doing this.