closing tag is in template navbar
timefactors watches



TZ-UK Fundraiser
Results 1 to 5 of 5

Thread: Stamp duty question regarding owning 2 properties

  1. #1
    Craftsman
    Join Date
    Dec 2015
    Location
    Devon, UK
    Posts
    320

    Stamp duty question regarding owning 2 properties

    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.




    Sent from my iPhone using TZ-UK mobile app
    Last edited by cnjm1; 25th September 2022 at 06:57.

  2. #2
    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.

  3. #3
    Craftsman
    Join Date
    Dec 2015
    Location
    Devon, UK
    Posts
    320
    Thanks I’ll give them a shout in a couple of weeks.


    Sent from my iPhone using TZ-UK mobile app

  4. #4
    Master
    Join Date
    Aug 2017
    Location
    London
    Posts
    1,881
    IIRC there is a time period for the sale and purchase of the main property.

  5. #5
    Master
    Join Date
    Apr 2017
    Location
    M62 corridor
    Posts
    4,174

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

Do Not Sell My Personal Information