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Second home Stamp-Duty every time I move?

Carl___

Carl___ Posts: 2 Newbie

First Post

3 March 2022 at 11:31AM in House buying, renting & selling

Hello,

I am about to let my flat and move into a new residence so have paid the second-home stamp duty.
Will I have to pay the higher stamp duty every time I move house? If I were to move again in two years, for example, would I have to pay the higher stamp duty again?

Thanks

0

Comments

Slithery Posts: 6,046 Forumite

3 March 2022 at 11:45AM edited 3 March 2022 at 11:45AM

If you are replacing your main residence each time and not increasing the number of properties you own then no.

2
JJG Posts: 341 Forumite

3 March 2022 at 12:19PM

If however you decide to rent your current house out and buy another to move in to, then you would have to pay the extra tax again.

2
canaldumidi Posts: 3,511 Forumite

3 March 2022 at 2:24PM

Slithery said:

If you are replacing your main residence each time and not increasing the number of properties you own then no.

To be clear, "replacing your main residence" = selling your main residence and buying a new one. This is sometimes misunderstood.

4
Carl___ Posts: 2 Newbie

4 March 2022 at 11:44AM

That makes sense, thank you!

0

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