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Stamp duty - would 2nd home 3% be due after sale and purchase?

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jamin008
jamin008 Posts: 28 Forumite
First Post First Anniversary Combo Breaker
in House buying, renting & selling
I have my house and a buy to let property. If I sell my main residence and move to a rental property for a period (until we find the perfect house for sale), would I then have to pay the 3% additional home stamp duty when I purchase a new main residence? I know you get three years in which to sell the 2nd home to get the additional stamp duty back, I wondered if it worked similarly the other way.
I have already paid an additional £6,500 when i purchased the 2nd property, I don't really want to have to do that again as I will be buying the more expensive house!  

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  • AdrianC
    AdrianC Posts: 42,189 Forumite
    First Anniversary Name Dropper First Post
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    Three years works either way. So, as long as you buy your replacement primary residence within 3yrs of selling the old one, you're good on the +3%.
  • jamin008
    jamin008 Posts: 28 Forumite
    First Post First Anniversary Combo Breaker
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    That's great Adrian and just what I wanted to hear! Now to decide if we should sell to weather the recession storm 
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