stamp duty if selling property

herc182

I am selling my flat soon but wonder what happens if I see something I want to buy before I sell the flat. Do I pay second home stamp duty (double ) or, since I am selling, I would pay normal stamp duty ? Ultimately I will only own one property but not sure how I can get that reflected in stamp duty in this scenario. Thanks

Slithery

If you purchase before you sell then yes, additional stamp duty will be due.

However, if you then go on to sell your original property in the next 3 years then this additional stamp duty can be reclaimed.

00ec25

why not read the widely available and extensive info explaining it ?

you will, no matter how briefly, own 2 properties simultaneously and therefore have to pay the higher (it is not "double") rate SDLT which you can, subject to conditions listed in the guide, claim a refund of when you sell the, by then, previous main home

https://www.gov.uk/guidance/stamp-duty-land-tax-buying-an-additional-residential-property

herc182

I did search google but couldn’t find what I wanted. Thanks.