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    • bluewater
    • By bluewater 10th Jul 18, 5:50 AM
    • 108Posts
    • 26Thanks
    bluewater
    Stamp Duty Query
    • #1
    • 10th Jul 18, 5:50 AM
    Stamp Duty Query 10th Jul 18 at 5:50 AM
    I thought I understood the rules but need to clarify this:

    We own 2 buy-to-let properties in addition to our main residence.

    We plan to sell our main residence and buy a new main residence.

    Is additional SDLT payable on the purchase of our new main residence?

    Thanks
Page 1
    • Pixie5740
    • By Pixie5740 10th Jul 18, 6:03 AM
    • 13,294 Posts
    • 19,147 Thanks
    Pixie5740
    • #2
    • 10th Jul 18, 6:03 AM
    • #2
    • 10th Jul 18, 6:03 AM
    No because you are replacing one main residence with another main residence. As long as you dispose of your current main residence before or at the same time as purchasing the new main residence the higher rate will not apply. See condition D of the rules.

    https://www.gov.uk/hmrc-internal-manuals/stamp-duty-land-tax-manual/sdltm09800
    • bluewater
    • By bluewater 10th Jul 18, 6:49 AM
    • 108 Posts
    • 26 Thanks
    bluewater
    • #3
    • 10th Jul 18, 6:49 AM
    • #3
    • 10th Jul 18, 6:49 AM
    Thank you Pixie.

    If we purchase before selling I assume the 3 year rule applies to reclaim the additional SDLT.

    I ask this because the situation is this:

    The seller has accepted our offer but their agent will continue to market the property until we have a buyer.

    I'm not comfortable with this (we don't want to loose it) so I'm considering a bridging loan to enable exchange before selling.
    • Pixie5740
    • By Pixie5740 10th Jul 18, 7:26 AM
    • 13,294 Posts
    • 19,147 Thanks
    Pixie5740
    • #4
    • 10th Jul 18, 7:26 AM
    • #4
    • 10th Jul 18, 7:26 AM
    Yes the 3 year rule will apply.
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