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Second Home Stamp Refund

Ratjones
Ratjones Posts: 3 Newbie
in House buying, renting & selling
Hi All

Quick question please.

I bought home A in June 2014
I bought home B in April 2018 (Home A became a BTL) home B is now my main residence.

Now I obviously paid second home stamp on home B

I am thinking of already selling Home B to buy another new main residence (home C) which I know I would not to pay second home stamp on as its a replacement

Question is Am I eligable for a refund on the second home stamp U paid on Home B since I am selling my main residence within 3 years?

Comments

  • scottishblondie
    scottishblondie Posts: 2,495 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    No. You would have to sell house A to get a refund.
  • Ratjones
    Ratjones Posts: 3 Newbie
    Ok thanks and I guess I wouldnt even get a refund as its been more than 3 years? Or would I need to sell house A within 3 years of April 2018 (when I bought house B)?
  • 00ec25
    00ec25 Posts: 9,123 Forumite
    1,000 Posts Combo Breaker
    Ratjones wrote: »
    as its been more than 3 years?
    is the correct answer
  • AdrianC
    AdrianC Posts: 42,189 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper
    Ratjones wrote: »
    Hi All

    Quick question please.

    I bought home A in June 2014
    I bought home B in April 2018 (Home A became a BTL) home B is now my main residence.

    Now I obviously paid second home stamp on home B

    I am thinking of already selling Home B to buy another new main residence (home C) which I know I would not to pay second home stamp on as its a replacement

    Question is Am I eligable for a refund on the second home stamp U paid on Home B since I am selling my main residence within 3 years?
    If you sell A before April 2021, you get the +3% on the purchase of B back.
    If you buy C before selling B, you pay +3% on C.
    If you sell B within three years of buying C, you get the +3% on the purchase of C back.
    Any future purchase of C, and any future sale of B, does not affect the purchase +3% on B in any way.
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    as its been more than 3 years?
    Originally posted by Ratjones
    00ec25 wrote: »
    is the correct answer


    Thats incorrect. The 3 year clock starts from the time you buy the second property not when you bought the first one. Adrian C summed all the possibilities.
  • Ratjones
    Ratjones Posts: 3 Newbie
    Many thanks all.
This discussion has been closed.
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