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Stamp duty refund - selling purchased property first
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emperormews
Posts: 3 Newbie
We brought a second property to become our main residence with a mortgage while our original home was up for sale. As such we paid higher rate stamp duty. Due to a change in circumstances we are now having to sell our purchased property and will likely end up with our original property, which is still up for sale as our sole property. Will we still be entitled to a stamp duty refund?
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Comments
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No, there's no relief for doing it that way round.2
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No - even if it feels unfair given your intentions, there's no way to distinguish between that and someone buying a 2nd property to flip. That's exactly where HMRC does want to target the higher rate stamp duty, so no refund.emperormews said:We brought a second property to become our main residence with a mortgage while our original home was up for sale. As such we paid higher rate stamp duty. Due to a change in circumstances we are now having to sell our purchased property and will likely end up with our original property, which is still up for sale as our sole property. Will we still be entitled to a stamp duty refund?2 -
I thought that was the case. Thank you for confirming.user1977 said:No, there's no relief for doing it that way round.0 -
I thought that was the case. Thank you for confirming.saajan_12 said:
No - even if it feels unfair given your intentions, there's no way to distinguish between that and someone buying a 2nd property to flip. That's exactly where HMRC does want to target the higher rate stamp duty, so no refund.emperormews said:We brought a second property to become our main residence with a mortgage while our original home was up for sale. As such we paid higher rate stamp duty. Due to a change in circumstances we are now having to sell our purchased property and will likely end up with our original property, which is still up for sale as our sole property. Will we still be entitled to a stamp duty refund?0
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