Second property stamp duty

charley991

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.