Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
11:45 AM, 8th June 2017
About 2 years ago
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?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More