SDLT penalising landlords taking the plunge to move out from parents homes!Make Text Bigger
After a lot of research I have unfortunately learned that the new SDLT rates with a 3% surcharge will apply to myself.
I am currently a landlord, but still living with parents.
I am in the process of buying my first main residential property however, as I am not selling any home ‘disposing’ and only moving out of parents house I am being hit with these higher rates.
The government is penalising people for moving out of parents homes! I have came to accept this, but what I am interested in is whether I was to sell my only BTL within 3 years could I claim the tax back or not as I have never technically lived at this property, but it was my only property?
Also in the future if I keep my BTL, but sell my new main residence that I am paying he tax on, and buy a new main residence, will I have to pay the higher rates again or will I be exempt as I am technically ‘replacing my main residence’ or is this relief only for a period of time?
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