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Stamp Duty For Second Property But Not Selling
Comments
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When is a second property not a second property...0
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pedantry alert....marliepanda wrote: »When is a second property not a second property...
when it is not second, hence the regulations refer to additional, not number0 -
Pay your tax.0
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So i bought the second property and paid the higher rate of stamp duty on it.
I now live in the new one and continue to rent out the old one.
I've now decided to sell the rental property later in the year, unfortunate change or circumstances. A friend was convinced that i could claim back the stamp (that i've paid on the new one) when i sell the rental, but in this thread i remembered people have said that i cannot do so.
The facts are that i have owned the rental place for 3 years, never lived there myself, its always had a tenant, still does.
I lived with family until i purchased this second property to live in.
If i can't claim back, so be it. I just wanted to check because the official guidance is a bit confusing for the regular joe.
Many thanks.0 -
So i bought the second property and paid the higher rate of stamp duty on it.
I now live in the new one and continue to rent out the old one.
I've now decided to sell the rental property later in the year, unfortunate change or circumstances. A friend was convinced that i could claim back the stamp (that i've paid on the new one) when i sell the rental, but in this thread i remembered people have said that i cannot do so.
The facts are that i have owned the rental place for 3 years, never lived there myself, its always had a tenant, still does.
I lived with family until i purchased this second property to live in.
If i can't claim back, so be it. I just wanted to check because the official guidance is a bit confusing for the regular joe.
Many thanks.
Here's AnotherJoe
and as said in earlier posts, you will not be able to claim it back, that only applies if you sell what was your main residence within three years (18 months in Scotland i believe) and this wasn't. 0
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