Do you have to pay higher stamp duty if you buy/se

ChrisK....._3

So should we
A/ move first and buy secondary home to let last
B/ buy secondary home to let first and then move
Or doesn't it matter?
My wife spotted an article on Gov.UK that implies that if you sell/buy a primary home that you only pay basic stamp duty even if you own a secondary home to let, but we may be reading it how we prefer it. Although it does sound unfair to charger people who own a SHTL high rate stamp duty every time they "move"

GrumpyDil

If you dispose of your primary residence and purchase a replacement you will not pay the higher rate sdlt.

However as explained above in order not to be hit with the higher rate and buy an investment property you would need to
A) Sell your existing home.
Buy the investment property
C) Buy your new main residence.

Between A and C you would need to have somewhere else to live, whether rented or with relatives or possibly a hotel if you could time it all well enough. The main point is you would need to make sure you never live in the rental property purchased in point B as that would then become your main residence and make you liable for the higher rate SDLT when buying the property in point B

00ec25

ChrisK..... wrote: »

So should we
A/ move first and buy secondary home to let last
B/ buy secondary home to let first and then move
Or doesn't it matter?
My wife spotted an article on Gov.UK that implies that if you sell/buy a primary home that you only pay basic stamp duty even if you own a secondary home to let, but we may be reading it how we prefer it. Although it does sound unfair to charger people who own a SHTL high rate stamp duty every time they "move"

why are you repeating your questions when you have been given the answer twice above, and why have you not read, in detail, the guide that you were given the first reply to this thread

all your answers are in the guide, please go and read it slowly and carefully then you won't waste time with the dumbed info on the .gov website which is aimed at those who left school able to read aloud running their finger under the words.

ChrisK....._3

GrumpyDil wrote: »

If you dispose of your primary residence and purchase a replacement you will not pay the higher rate sdlt.

However as explained above in order not to be hit with the higher rate and buy an investment property you would need to
A) Sell your existing home.
Buy the investment property
C) Buy your new main residence.

Between A and C you would need to have somewhere else to live, whether rented or with relatives or possibly a hotel if you could time it all well enough. The main point is you would need to make sure you never live in the rental property purchased in point B as that would then become your main residence and make you liable for the higher rate SDLT when buying the property in point B

Thanks I got it now. She is ok with paying the high rate stamp duty once but didn't want to pay it twice. Thanks I'll tell her the good news