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Help! switch to BTL or sell up?!
Comments
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Another reason to love Wales ππ at least we have our free prescriptions though.... ππ€πSDLT_Geek said:
It is an additional 4% in Wales, 3% in England if the previous property is retained.housebuyer143 said:
Yes it's the same for Wales but it's worse as it's land transaction tax and the band's are lower than England, making the amount due significantly higher...Dave46049 said:
Anyone know if this 3% extra is the same for Wales? I'm planning on renting out my current main residence and then buying a new property to live in?
Thanks ( Ps sorry to hijack thread! )
There is a calculator on the Welsh government website.Β
You are getting another house and not replacing your main residence. Unless you sell it you will have to pay the extra tax.0 -
Sell it.... if you cant afford the several grand in SDLT0
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