Landlords Alliance – Emergency Euro Elections Statement21:09 PM, 21st May 2019
About 5 days ago 71
We have decided to let out our primary home as we have now had two buyers pull out and we’re worried the vendor of the property we are buying won’t wait. So, we are aware we’ll have to find an extra £11,000 for stamp duty on the second property. Initially I thought that we had 18 months to sell property A, and at that point we could apply for a refund in the extra stamp duty paid on property B. However, when I did a calculation using: https://www.tax.service.gov.uk/calculate-stamp-duty-land-tax/#/additional-property
Will the purchase of the property result in owning two or more properties?
Is the property being purchased replacing your main residence?
If your previous main residence has not yet been sold choose “No”. A refund may be available if the previous main residence is sold within 3 years.
Does anyone know where I can find information that confirms this?
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