PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

SDLT Holiday & Additional 3% Charge payable?

Options
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?

Comments

  • D.L
    D.L Posts: 137 Forumite
    100 Posts First Anniversary Name Dropper
    Bhavin123 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?
    Yes
  • D.L said:
    Bhavin123 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?
    Yes
    Thanks, I thought I could get away with it as I have never brought a main home.
  • MobileSaver
    MobileSaver Posts: 4,338 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    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 Years
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.6K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.