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Buying a house that is rented out, Do I have to pay the extra 3% stamp duty?
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You either misread the Which article or it's wrong.johnonymous said:Many thanks for the quick response! I had read in a Which article online that the surcharge applied to additional properties or buy to let properties and had been worried that by purchasing a property that would have to be let out for a period before I could occupy it that technically it would be a buy to let property.
The extra 3% SDLT Is for additional houses and rental status is irrelevant to that.
The issue you may have is, as a landlord you will be subject to all sorts of laws many of which have financial penalties for breaking. Are you set up to learn those and implement observance for just say 6 months?
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