Stamp duty question regarding owning 2 properties

[cnjm1]

Hi,

My wife and I owned 2 properties, one was our main residence and one rented out. We got posted into Military accommodation a couple of years ago; for a period both properties have been rented out because we had no choice due to work. Since then, we have sold one of the properties (our old main residence -sold dec 21) and now purchasing a a replacement to move into and live in.

We paid higher rate on the purchase of the second home , as it was not our main residence.

Thanks for any help.




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[sevvy]

As long as you can demonstrate you are replacing your main residence and that your previous main residence has been disposed of then the surcharge wouldn’t apply.
It is a self assessed tax ultimately but I would recommend you give the HMRC stamp duty helpline a call, although perhaps not today given the changes announced.

[cnjm1]

Thanks I’ll give them a shout in a couple of weeks.


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[joe narvey]

IIRC there is a time period for the sale and purchase of the main property.

[David_D]

Not the easiest read ….

https://www.gov.uk/hmrc-internal-man...ual/sdltm09800