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Selling 2nd home

Liberal
Liberal Posts: 32
Sixth Anniversary 10 Posts
Forumite
in House buying, renting & selling

We are about to buy a second home. If , after 2 years, we decide to sell it can we claim back the additional stamp duty or is that only applicable if we sell our present main residence?

Comments

  • p00hsticks
    p00hsticks Posts: 15,141
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Forumite

    No you can't claim it back in the circumstances you describe.

    As I understand it, if you sold your existing main residence and moved into the new one within three years of buying it then you could, as you;d be repalcing your main residence. .

  • Bigphil1474
    Bigphil1474 Posts: 4,280
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Forumite

    As above. Also, if you sell it after 2 years you'd be liable for CGT, minus any allowances.

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