9:11 AM, 22nd February 2022, About 2 years ago 3
We have a portfolio of properties rented out and are buying 2 attached cottages to make 1 private residence (the cottages are on separate deeds being purchased from the same seller). We are selling our main residence to fund the purchase.
We are being told various amounts of what SDLT is due because of purchasing 2 properties, albeit that they will be made into one dwelling.
The total price for the 2 properties is £650,000
To my mind, multiple property relief should be applicable ie £650000 divided by 2
SDLT on £325000 is £6250
Multiple by 2 (number of properties)
Total sdlt due £12500
Any thoughts are greatly appreciated
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