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stamp duty
woodywo
Posts: 1 Newbie
Can anyone help, I have received conflicting info.
Basically me & my partner are planning on buying a property. We currently live in rented accommodation and have done for the past 7 years.
We both own a property individually which we both rent out. If we buy a property together which will replace our current main residence do we have to pay extra stamp duty, or would it just be £2000 as the property is worth £225000.
Thank you for advice.
Basically me & my partner are planning on buying a property. We currently live in rented accommodation and have done for the past 7 years.
We both own a property individually which we both rent out. If we buy a property together which will replace our current main residence do we have to pay extra stamp duty, or would it just be £2000 as the property is worth £225000.
Thank you for advice.
0
Comments
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Conflicting advice from whom?
Have you read HMRC's guidance note?
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/509184/GuidanceNote_Final.pdf
You'll pay the additional SDLT unless you sell the BTL properties first.0 -
Unless you sell them to a LTD company that you happen to own.0
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:rotfl::rotfl::rotfl:
Nice try!0
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