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Stamp Duty Advice needed
Avigg
Posts: 39 Forumite
I need some clarification around stamp duty charges, below is my scenario.
We are looking to move to new house and planing to keep existing property by converting it to Buy to Let.
I know I have to pay extra stamp duty on the new property. My question is, do I need to pay any stamp duty charges on my existing property when I convert it on Buy to Let?
Regards
0
Comments
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No, you only pay it when you acquire property. Changing the use doesn't trigger anything.3
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Hello, very confused how to work out the SDLT when staircasing. We bought 60% share in 2013 and paid £1710 (1%) SD then. We are considering the purchase of the outstanding 40% and the current valuation of the property is £400 000. Could you help me figure out how much more SDLT we need to pay. Thank you.
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Venetaa, Best not to tag on the end of someone else's post when your Q is different, start a new one with a subject heading relevant to your issue
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Remember that when you buy the new house you will be owning two houses. You will pay the higher rate of stamp duty. There were lots of ways to dodge this in the past but these are all gone. If you sell your old house within 3 years you can claim a rebate.1
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