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How long can you own 2 homes for without paying higher stamp duty?

Tinangel · 2022-03-07 09:46:24

I want to move house. I would like to buy the house I'm moving to slightly before selling the one I live in to make moving easier (perhaps with the help of a bridging loan, or by getting a mortgage that won't punish me for paying into it when I sell the house I live in.) But the stamp duty tax is greater when you already…

Comments

housebuyer143 Posts: 4,299 Forumite

8 March 2022 at 7:14PM

grumiofoundation said:

housebuyer143 said:

I am doing this exact thing due to broken chain and I have to pay for 4% extra stamp duty for what will be 3 week period of owning 2 house. Then claim it back.

Unless I am missing something you are either not paying stamp duty and are paying LTT (Wales) or LBTT (Scotland) or you are paying 3% not 4%.

(Obviously being pedantic but rules are different in different countries).

I'm in Wales. I just call it stamp duty, because let's face it, it's the exact same thing just by a different name.

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