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Stamp Duty
Mitch Evans
Posted: 19 January 2018 14:50:30(UTC)

Joined: 19/01/2018(UTC)
Posts: 1

Hi Guys,

I am scratching my head on whether I am liable to pay the extra 3% SDLT for additional property. My current home shall become a BTL and a new purchase shall replace this and become my residential home.

My initial thoughts were I will have 2 properties so yes I shall be liable for the extra SDLT on additional properties. However looking at this news article today it's suggesting if you or your wife has a BTL and your purchase is for a home to live in and shall be your main residence you're exempt.

Please see article here: http://www.propertyindus...nt-14000/#comment-68007

If the wife had 2 BTL then surely when purchasing a new main residence they would have 3 properties? However they are exempt.

If someone can shed some light here that would be great, it's a very grey area.

Thanks for reading.

Posted: 04 May 2018 03:42:46(UTC)

Joined: 04/05/2018(UTC)
Posts: 4

Thanks: 1 times
Was thanked: 2 time(s) in 1 post(s)
Hi Mitch,

That's an interesting article. I don't have the answer but I would like to join the conversation as the article and comments lead me to believe my sister may have been incorrectly charged the extra 3% stamp duty.

In August 2017 she bought a place with her partner to be their main residence. She already owned a buy to let (which she had never lived in) so they were told they had to pay the additional 3% stamp duty. They were renting before they bought the place so did not previously own a "main residence".

Can anyone tell me if it was correct that they were charged the additional 3% stamp duty?


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