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Stamp Duty Confusion
Options
Rayofsunshine13
Posts: 9 Forumite
Applicant A and Applicant B are buying a new property with joint ownership.
Applicant A owns a buy to let.
Applicant B owns a residential property which is being let out with consent to let
The property being purchased will be the main residence for both applicants.
What will be the stamp duty payable before AND after the end of June, please?
Applicant A owns a buy to let.
Applicant B owns a residential property which is being let out with consent to let
The property being purchased will be the main residence for both applicants.
What will be the stamp duty payable before AND after the end of June, please?
0
Comments
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How much does this new property cost?1
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And which country are they buying in?1
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Assuming in the UK - you are not REPLACING a main home, so full bang second home you pay. There are calculators online for that0
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Thanks for the replies.
Property value- 430k
Country of purchase - UK
I've tried a number of calculators and getting conflicting results.0 -
Which bit?Rayofsunshine13 said:
Country of purchase - UK
Assuming Englandcestershire or NI...
https://www.stampdutycalculator.org.uk/
£430k, additional property
£12.900 June
£21,900 July to September
£24,400 October onwards
£33,550 in Scotland, £29,400 in Wales.
2 -
I was getting at which of the nations within the UK, given that England/NI, Scotland and Wales each have different tax systems and rates.Rayofsunshine13 said:
Country of purchase - UK1 -
Sorry, how silly of me.
England0 -
OP does not say whether Applicant A and Applicant B have sold / disposed of another property / properties which they lived in as their only or main residence within the last three years. Depending on the details, that might mean the extra 3% SDLT (as OP is buying in England) would not apply.2
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