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Stamp Duty While owning a consent to let.
FlyingByrne
Posts: 15 Forumite
Good Evening!
Hopefully will have some views on this, I currently own another properry. We moved out of it 2 years ago and it’s been a rental property in the mean time and we’ve been renting while we tried to find somewhere else to buy. We relocated from one side of England to the other.
We’ve now had an offer accepted on a house and I’m curious what stamp duty we will pay. As different calculates give different amounts.
We’ve now had an offer accepted on a house and I’m curious what stamp duty we will pay. As different calculates give different amounts.
As we are replacing are main residence, I was under the impression that the higher rate does not apply. Any thoughts?
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Comments
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The higher rate will apply as you are going from owning one property to two. You say we are you married?1
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The higher rates will apply as you do not meet the conditions for “replacing” your main residence. One of the conditions is that there has been a sale (or other disposal) of a previous residence. Here, you are keeping your previous home.FlyingByrne said:Good Evening!Hopefully will have some views on this, I currently own another properry. We moved out of it 2 years ago and it’s been a rental property in the mean time and we’ve been renting while we tried to find somewhere else to buy. We relocated from one side of England to the other.
We’ve now had an offer accepted on a house and I’m curious what stamp duty we will pay. As different calculates give different amounts.As we are replacing are main residence, I was under the impression that the higher rate does not apply. Any thoughts?0 -
If you are not married/ civil partnership and your previous home was in your name only, your partner could buy the new place in their name alone. Subject to the lender agreeing if you are getting a mortgage.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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