Which Stamp Duty for new residential property?
I have a scenario in which I would like to know if the normal or extra stamp duty (second home or buy to let) thresholds will apply.
Currently I have a small number of rented out properties. One of which I have lived in for some periods of time (circa 3 years or more) before I have rented it out.
I am considering going away for a year and will likely rent out my existing residential property.
When I come back I may be looking to purchase a new property as my main residential residence. Will this be subject to the normal stamp duty fees or the ‘second home’ fees. I would appreciate some clarification.
Thank you
Raj
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Member Since July 2014 - Comments: 8
2:27 PM, 11th January 2016, About 10 years ago
Thanks everyone for confirming. Good news there then!!