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Second property stamp duty

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Comments

  • charley991
    charley991 Posts: 3 Newbie
    First Post
    Thank you for all your replies, it appears the debate still continues as there were mixed replies!

    however the link posted by ‘sheramba’ showed me that example 1 is completely our situation and it states we don’t pay anything 😀

    Example 1

    Mr and Mrs S, a married couple, each own a residential property, with neither having any interest in the other’s property.  They both live in the property owned by Mrs S: the property owned by Mr S is rented out. Mrs S is selling her property and they are jointly purchasing a new one, which will be their new main residence.  Mr S will retain his rented out property. 

    The higher rates will not apply to the joint purchase by Mr and Mrs S of a new main residence.  As they are married and have both lived in the property owned by Mrs S as their main residence they will both be treated as replacing their main residence.  




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