Retrospective Stamp Duty after change of use?Make Text Bigger
Suppose I decide to nominate a former rental property long in my possession as my main home within the permitted window for making the election.
My main home, purchased in 2016, now becomes my second home. I paid only the ordinary stamp duty when I purchased it, since it involved the exchange of one main home for another.
However, after changing the election would I have to pay the additional stamp duty on second homes retrospectively on my former main home?
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