Jason Robinson

Registered with Property118.com
Saturday 20th June 2015


Latest Comments

Total Number of Property118 Comments: 4

Jason Robinson

11:21 AM, 5th March 2018
About 3 years ago

Temporarily Switch Residential Home to BTL

Reply to the comment left by BigTrev at 04/03/2018 - 20:56
Hi Trev
Please someone else correct me if I'm wrong but I'm pretty sure you can claim it back if you're selling your main residence and buying a new main residence.

https://www.gov.uk/government/consultations/consultation-on-higher-rates-of-stamp-duty-land-tax-sdlt-on-purchases-of-additional-residential-properties/higher-rates-of-stamp-duty-land-tax-sdlt-on-purchases-of-additional-residential-properties

Quote:
Example 10:
O is a buy-to-let investor with 10 residential properties in his portfolio. He also owns one residential property which he uses as his main residence. He decides to sell his previous main residence and purchase a new main residence.

At the end of the day of the transaction, he owns 11 properties – his new main residence and his 10 buy-to-let properties. However, as he has replaced his main residence he will not pay the higher rates of SDLT.... Read More

Jason Robinson

16:05 PM, 4th March 2018
About 3 years ago

Temporarily Switch Residential Home to BTL

Reply to the comment left by BigTrev at 04/03/2018 - 12:44
Hi Trevor...thanks, but yes we'd realised that we'd fall foul of the extra 3%...the question was really about the likelihood and mechanics of claiming it back.

Also would still like to know of which class of expert professional would like some of my money for advising on my particular circumstances...Anyone help?

Thanks
Jason... Read More

Jason Robinson

12:50 PM, 3rd March 2018
About 3 years ago

Temporarily Switch Residential Home to BTL

Reply to the comment left by Puzzler at 03/03/2018 - 09:03
Yes, we realised that might be an issue...if we do move into one of our existing BTL properties we'll have to consider our options based on how long we might be there. A good point, thank you :)... Read More

Jason Robinson

17:35 PM, 2nd March 2018
About 3 years ago

Temporarily Switch Residential Home to BTL

Reply to the comment left by Neil Patterson at 02/03/2018 - 09:19
Hi Neil...thanks for the information.

For more detailed questions along the same lines with the specifics of my situation am I best talking to a conveyancer or someone more specialised (I don't mind paying for someone's time of course).... Read More