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2nd house stamp duty

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ships9
ships9 Posts: 2 Newbie
in House buying, renting & selling
Hi

Need to know if I have pay 2nd house stamp duty, scenario is as follows......

> Purchased a house in 2015
> relocated to different part of country in 2016 and obtained consent to let
> let out house and moved into rented property in different part of country
> looking to buy a house in area I have relocated to as dont want to pay rent

Would this trigger 2nd house stamp duty? This will be my main residence and have no immediate intention to relocate back to original location.

Thanks

Comments

  • Surrey_EA
    Surrey_EA Posts: 2,047 Forumite
    Tenth Anniversary 1,000 Posts
    Will the property you wish to buy in the area in which you are currently renting, be in addition to the property you are currently letting out?

    If yes, it will be the 2nd property that you own and therefore you will be liable for the 2nd home stamp duty surcharge.
  • ships9
    ships9 Posts: 2 Newbie
    Yeah it will be in addition to the let out property.

    But hoped as it would be my main residence I could avoid paying 2nd house stamp duty. Plus the 1st house bought in 2015 was before the new legislation came in.
  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    Rather than hoping you could have tried searching the forum since this question comes up on an almost daily basis.

    1 + 1 = 2 ergo you will pay the additional SDLT.
  • Harryp_24
    Harryp_24 Posts: 172 Forumite
    Third Anniversary
    its not hard mate.
    Are you selling a house you live in mainly to buy another, no.
    Are you buying a second house. yes.
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    ships9 wrote: »
    But hoped as it would be my main residence I could avoid paying 2nd house stamp duty.

    But you aren't selling your current main residence. It's an additional property. If you owned the place you were living in now, and were selling that, then it would be exempt. But you're currently living in rented.
    Plus the 1st house bought in 2015 was before the new legislation came in.

    Makes no difference.
  • marliepanda
    marliepanda Posts: 7,186 Forumite
    ships9 wrote: »
    Yeah it will be in addition to the let out property.

    But hoped as it would be my main residence I could avoid paying 2nd house stamp duty. Plus the 1st house bought in 2015 was before the new legislation came in.

    You are not disposing of your main residence, as you cannot, it is rented.

    You have one property now. Soon you will have two. Yes you have to pay then2nd home stamp duty.

    When you bought your old property doesn't matter at all. You could have bought it in 1970 for all they care.
This discussion has been closed.
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