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SDLT Holiday & Additional 3% Charge payable?
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Bhavin123
Posts: 8 Forumite
Quick Question. Owned a buy to let property for 10 years, never lived in it and been let out from day one. Never owned a main residence as been living with parents, since birth. Now about to purchase my first main home residential property, do I still need to pay the additional 3% SDLT?
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YesBhavin123 said:Quick Question. Owned a buy to let property for 10 years, never lived in it and been let out from day one. Never owned a main residence as been living with parents, since birth. Now about to purchase my first main home residential property, do I still need to pay the additional 3% SDLT?3 -
Thanks, I thought I could get away with it as I have never brought a main home.D.L said:
YesBhavin123 said:Quick Question. Owned a buy to let property for 10 years, never lived in it and been let out from day one. Never owned a main residence as been living with parents, since birth. Now about to purchase my first main home residential property, do I still need to pay the additional 3% SDLT?0 -
Bhavin123 said:Thanks, I thought I could get away with it as I have never brought a main home.If you already own a property (regardless of what you do or do not do with it) then you will pay the extra 3% when you buy another property.If you sell the BTL before buying your new main home then you will not pay the extra 3%.Every generation blames the one before...
Mike + The Mechanics - The Living Years1
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