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Stamp Duty
SSmithson
Posts: 1 Newbie
HI
I could do with some clarity I have moved out of my residential home and its empty and on the market, I live in rented in a new area and want to buy in this area and with my partner we can afford to do that before my old house sells but what stamp duty will we pay on the new house.
thanks in advance
I could do with some clarity I have moved out of my residential home and its empty and on the market, I live in rented in a new area and want to buy in this area and with my partner we can afford to do that before my old house sells but what stamp duty will we pay on the new house.
thanks in advance
0
Comments
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You would pay the higher rate then reclaim the extra if ou sell your old property within 3 years.0
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HI
I could do with some clarity I have moved out of my residential home and its empty and on the market, I live in rented in a new area and want to buy in this area and with my partner we can afford to do that before my old house sells but what stamp duty will we pay on the new house.
thanks in advance
Er GOOGLE??
https://www.theguardian.com/money/2016/mar/31/stamp-duty-second-homes-what-will-i-pay
But if you live in the DPRS you will pay substantially moreThe world is not ruined by the wickedness of the wicked, but by the weakness of the good. Napoleon0 -
what do you not understand?
https://www.gov.uk/guidance/stamp-duty-land-tax-buying-an-additional-residential-property
If you replace your main home
You won’t have to pay the higher rates if you sell your main home on the same day you buy your new home.
If you sell your main home after you purchase your new home you’ll need to pay the higher rate. You can claim a refund of the higher rates if your old home is sold within 3 years of buying your new home.0
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