Stamp Duty for Armed Forces serving overseas
I currently own a rental property in the NE that I’m looking to sell. I am a serving member of the UK armed forces and posted overseas.
The new property that I’m looking to buy would, in all likelihood, be rented (initially) until I’m posted back to the UK.
What stamp duty would the HMRC expect me to pay ?
Although I intend to live in the property (at some point when my military career allows) I will be selling one buy-to-let and buying another.
Can I convince them that I should pay standard rate ?
Many thanks
Jack
Comments
Have Your Say
Every day, landlords who want to influence policy and share real-world experience add their voice here. Your perspective helps keep the debate balanced.
Not a member yet? Join In Seconds
Login with
Previous Article
Hurricane Irma - My Florida Home Is Badly AffectedNext Article
Impact analysis: article 4 directive on HMO's?
Member Since February 2011 - Comments: 3453 - Articles: 286
10:20 AM, 11th September 2017, About 9 years ago
Hi Jack,
I know there are sometimes different rules for armed forces, but I can’t find any exceptions relating to the 3% stamp duty surcharge.
Hopefully a reader is more familiar with this area, but if you just applied the rules as if you were a civilian then yes they would charge the extra 3%.
Member Since June 2014 - Comments: 1563
4:14 PM, 11th September 2017, About 9 years ago
I don’t think that is correct Neil.
https://www.gov.uk/stamp-duty-land-tax/residential-property-rates
Higher rates for additional properties
You’ll usually have to pay 3% on top of the normal SDLT rates if buying a new residential property means you’ll own more than one.
Member Since June 2014 - Comments: 1563
4:17 PM, 11th September 2017, About 9 years ago
Jack,
I’m assuming you know about the CGT exemption for living in serviced accommodation?