Stamp Duty Exemption for 2nd homeowners

Caz3121

tobedivorced said:

so if I'm purchasing a second main property at £137,125 do I pay 3% of the £137,125 ??

yes
yesterday it would have been 3% on £125k and 5% on the remainder

jon81uk

ILBfree1day said:

Thanks Densol, no, there are no children involved.
I know previous threads say I'm moaning but it really is a case of needing to move whilst trying to mitigate the expense due to our limited borrowing. My spouse is ill and the house we are in is one where she can't even get up the stairs without pain, she is sleeping on the sofa at the minute beside the dog as the bathroom is downstairs, plus I am trying to work from home and in 40m sq living space, we are struggling in different ways. But I fully appreciate there are so many people facing different problems.

Thanks again.

Why not rent something until the legalities of forced sale etc are resolved?

Grumpy_chap

Maybe the OP should join all the other people that benefit from the coronavirus support but don't recognise it #Excluded.

OP will now pay less stamp duty when buying the second home than would have been at the beginning of the week, but still pays the 3% surcharge.  IF the OP can resolve the sale of previous home within 3 years, then the OP can still claim back the surcharge as main residence relief.  Exactly the same today as at the beginning of the week.

grumiofoundation

ILBfree1day said:

No doubt I will probably now be criticized about having an opinion on expressing an opinion.

But you do understand you started a thread to complain about how a policy that would save you money is unfair on you? 

ILBfree1day

That was not the point of the thread. But thank you for your input.