Stamp duty for someone who previously sold house

alx3365

Hi.

I do not own any property. But 3 years ago, I sold an investment property that I owned.

I now intend to buy a property I want to live in myself.

For the purpose of stamp duty, would the property I want to buy be classed as a first home or a second property even though I do not currently own any other properties?

Any suggestions are welcome!

Thanks

buggy_boy

I think what you are asking is are you a first time buyer and so not have to pay SDLT, simple answer no..

If you have ever owned or part owned a property you are not a first time buyer.. You will need to pay SDLT

davidmcn

buggy_boy wrote: »

I think what you are asking is are you a first time buyer and so not have to pay SDLT, simple answer no..

...assuming that the "investment property" was a residential property.

Pixie5740

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/661728/8274_guidance_note_SDLT_relief_for_first_time_buyers.pdf

AdrianC

It's not an additional property, so you do not have to pay the +3% SDLT.
It's not a first-time purchase, so you do not benefit from the FTB SDLT reductions.

You will pay the normal SDLT on the purchase.