I have found a house i want to buy.
My current home, my only house, has not yet been sold but is on the market. What is the situation re paying/reclaiming extra 2nd house stamp duty if I conclude the new house purchase before selling the current home.
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House sale and purchase
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- Lemon Slice
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- Lemon Quarter
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Re: House sale and purchase
You pay the second home SDLT when you buy. You must file a claim within 12 months of purchase. Then, if you sell within 3 years of purchase you get the extra SDLT back when you sell the first property.
https://www.gov.uk/government/publicati ... properties
Gryff
https://www.gov.uk/government/publicati ... properties
Gryff
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- Lemon Quarter
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Re: House sale and purchase
As Gryff says, pretty simple.
You need the SDLT payment reference for the purchase, which your solicitor should provide, and it is a very simple 5-10 min job online. Alternatively I know a London Solicitor who's firm does it for a £1500 + VAT flat fee, of which she sees buggerall%
Paul
You need the SDLT payment reference for the purchase, which your solicitor should provide, and it is a very simple 5-10 min job online. Alternatively I know a London Solicitor who's firm does it for a £1500 + VAT flat fee, of which she sees buggerall%
Paul
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- Lemon Slice
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Re: House sale and purchase
In case it's relevant to anyone, it's different in Scotland.
https://revenue.scot/taxes/land-buildings-transaction-tax
Adrian
https://revenue.scot/taxes/land-buildings-transaction-tax
Adrian
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- Lemon Quarter
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Re: House sale and purchase
AJC5001 wrote:In case it's relevant to anyone, it's different in Scotland.
https://revenue.scot/taxes/land-buildings-transaction-tax
Adrian
I see they've changed the ADS overlap on main residence up to 36 months - i.e. the same as England. Last time I looked it was only 18 months.
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