Stamp duty on BTL

superM

Hi,

Is additional stamp duty payable on 1st BTL property?

Or is it on only on additional property?

I have looked at stamp duty calculator. It just mentions about owing 2 or more properties.

Thanks

Bluebirdman_of_Alcathays

Do you already own a property?

booksurr

superM wrote: »

It just mentions about owing 2 or more properties.

indeed, it does, because the higher rate applies to the purchase of an additional property. There is no requirement that it be a BTL, a second home, a crash pad or anything other than a property you are buying in addition to the one you already own (subject to the £40,000 share caveat) ... so do you ?

Caz3121

are you buying alone? (in a previous post you mentioned your partner was going the release funds from their current BTL property for deposit - which would make this an additional property for them so the higher % would apply)

superM

We have a property in my other half name which is being rented out. All application has gone in to remortgage and for the new BTL.

I am aware there will be high Stanp duty charge but if I sale 1st property which is being remortgaged in 2 years time will I be able to claim back the higer rate stamp duty I have paid?

The answer might be no but thought I ask the experts on here.

Thanks for all your replies.

Caz3121

the refund applies to the selling of a main residence so would not apply
https://www.gov.uk/government/publications/stamp-duty-land-tax-apply-for-a-repayment-of-the-higher-rates-for-additional-properties