BTL in Ireland but first main residence in the UK?

by Readers Question

9:05 AM, 16th April 2019
About 2 months ago

BTL in Ireland but first main residence in the UK?

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BTL in Ireland but first main residence in the UK?

Hi all, I am wondering if you can help me clarify if i am exempt of the 3% surcharge on my first main residence in the UK. I currently consider my rental property as my main residence for past 3 years in the UK since moving from Australia.

I own a BTL in my home country Dublin which is valued at over 40k.

Please can someone confirm if I am not selling a main residence, but own a BTL in Dublin then will I pay the additional 3% surcharge or do I have any options.

Regards

Conor



Comments

Neil Patterson

9:13 AM, 16th April 2019
About 2 months ago

Hi Conor,

Please see HMRC >> https://www.gov.uk/guidance/stamp-duty-land-tax-buying-an-additional-residential-property

"You must pay the higher SDLT rates when you buy a residential property (or a part of one) for £40,000 or more, if all the following apply:

it will not be the only residential property worth £40,000 or more that you own (or part own) anywhere in the world
you have not sold or given away your previous main home
no one else has a lease on it which has more than 21 years left to run"

So yes you will I believe have to pay the Stamp Surcharge unless you sell your property in Ireland.


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