Second Home Stamp Duty

G_M

AnotherJoe wrote: »

If the flat was your primary residence when you were buying your current house and you sell it within the next year (eg within the 3 year limit) my understanding is you'd be eligible for a refund.

but it has not been the OP's primary residence for the last 2 years.

Where you could not claim a refund and where I am pretty sure GM is wrong, is if you sell your current residence and do not replace it.

My understanding is that the OP plans to replace the current primary residence shortly after selling it.


The link to HMRC explains
* the rules where selling a primary residence before buying a replacement and
* the rules where selling a primary residence after buying a replacement and

G_M

jamesonhurst wrote: »

Sorry not sure I understand. So if we sell our current house within the next year and buy another one (whilst keeping the flat), then we could claim a refund?

refund on what? The 3% you paid 2 years ago?


I still maintain that bird has flown since it is not your primary residence.


If you now buy a new home, whilst keeping your current (primary residence) house, you'll pay another 3% (for adding a property). But if you sell the (primary residence) house withing 3 years, then yes, you can reclaim that 3%.


If you sell the (primary residence) house first, then no 3% to pay when you replace it.


Read the link!

AnotherJoe

]“
If the flat was your primary residence when you were buying your current house and you sell it within the next year (eg within the 3 year limit) my understanding is you'd be eligible for a refund.

but it has not been the OP's primary residence for the last 2 years.
Doesn't matter. You have 3 years to sell. Doesn't matter if you let it out inbetween.

Where you could not claim a refund and where I am pretty sure GM is wrong, is if you sell your current residence and do not replace it.
Originally posted by AnotherJoe

My understanding is this with regard to what the OP has asked
You live in A
You buy B and pay 3% extra
You let A out for two years
You sell A and claim refund.

You live in A
You buy B and pay 3% extra
You let A out for two years
You sell B and buy C at the same time - no refund and no extra (if B was your main residence after A)

You live in A
You buy B and pay 3% extra
You let A out for two years
You sell B - no refund.

00ec25

AnotherJoe wrote: »

My understanding is this with regard to what the OP has asked
You live in A
You buy B and pay 3% extra
You let A out for two years
You sell A and claim refund.

You live in A
You buy B and pay 3% extra
You let A out for two years
You sell B and buy C at the same time - no refund and no extra (if B was your main residence after A)

You live in A
You buy B and pay 3% extra
You let A out for two years
You sell B - no refund.

3 correctly summarised scenarios