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Land Registry Tax Query
Lifeofdreams
Posts: 48 Forumite
Hi I’m hoping someone can advise me on my query. My recently widowed mum is buying a new house to maintain her independence and is a cash buyer. The new house she is buying is 230.000.
She may still have her existing home she is currently residing in until it sells. What amount of land registry tax is she likely to have to pay under these circumstances?
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Comments
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assuming she is in England/Wales then she will pay the additional rate SDLT of 5%
if she then sells her current home within the 3 year time limit, in other words her new home has "replaced" her old home, she can then claim back the excess she has paid
Higher rates of Stamp Duty Land Tax - GOV.UK
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