Crosswords8 mins ago
Conveyancing - Sdlt
1 Answers
If I own a property which is my main residence and buy another property to move into as my main residence without selling the first property I have to pay a higher rate of SDLT because I will own two properties. If I sell my previous main residence within 3 years I can claim a refund. however, if I own a buy-to-let property and buy a second property to move into as my main residence (moving out of a property I am renting) - again I must pay the SDLT surcharge - but can I claim a refund if I sell the buy-to-let property within 3 years?
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I think you have got confused about SDLT ( anything over £125 k)
and CGT
(no CGT if it is your primary residence
Stamp duty fun - which I think is a tax on large value transactions and little more
begins here
https:/ /www.go v.uk/st amp-dut y-land- tax/rel iefs-an d-exemp tions
and this site has a bit
https:/ /hoa.or g.uk/ad vice/gu ides-fo r-homeo wners/i -am-buy ing/5-t hings-y ou-need -to-kno w-about -stamp- duty/
dont let tax wag the capital sum spending dog !
I think you have got confused about SDLT ( anything over £125 k)
and CGT
(no CGT if it is your primary residence
Stamp duty fun - which I think is a tax on large value transactions and little more
begins here
https:/
and this site has a bit
https:/
dont let tax wag the capital sum spending dog !
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