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Selling BTL- claiming land tax back

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Newheight13
Newheight13 Posts: 188 Forumite
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in House buying, renting & selling
Hello, 

I’ve been renovating my first BTL and it has no tenants yet. I thinking of selling it as the Gov is clearly not going to make it work for us. If I did, I’ll be hit with an ERC which I’ll need to calculate in along with other fees, but does my one know if I can claim the land tax back on it? 

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  • SDLT_Geek
    SDLT_Geek Posts: 2,498 Forumite
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    Newheight13 said:
    Hello, 

    I’ve been renovating my first BTL and it has no tenants yet. I thinking of selling it as the Gov is clearly not going to make it work for us. If I did, I’ll be hit with an ERC which I’ll need to calculate in along with other fees, but does my one know if I can claim the land tax back on it? 
    By "land tax" do you mean a form of stamp duty? 

    In Wales it would be Land Transaction Tax, in England it would be Stamp Duty Land Tax.
  • Newheight13
    Newheight13 Posts: 188 Forumite
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    Yea sorry,  Land Transaction Tax as based in Wales. 
  • SDLT_Geek
    SDLT_Geek Posts: 2,498 Forumite
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    Newheight13 said:
    Yea sorry,  Land Transaction Tax as based in Wales. 
    The Land Transaction Tax paid on the acquisition of a property is not reclaimable on account of its sale.

    The property was correctly returned as "residential" property when you bought it?  It was not so derelict as to count as non-residential property?
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