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Where Taxpayers and Advisers Meet

Stamp duty Main residence relief

Bubblehasburst
Posts:1
Joined:Sat Jan 20, 2018 11:43 am
Stamp duty Main residence relief

Postby Bubblehasburst » Sat Jan 20, 2018 11:53 am

We have been living overseas for nearly 5 years and now returning to the UK but not to the same area where our family home is. We rented out our “family home” and we also have two other investment properties that are rented out.
We will have to sell our main residence in order to buy another house in our new location but will we be able to use the main residence exemption and just pay the standard rates not the additional 3%?
We have only rented overseas through my husbands company as it was a five year post.

bd6759
Posts:4262
Joined:Sat Feb 01, 2014 3:26 pm

Re: Stamp duty Main residence relief

Postby bd6759 » Sat Jan 20, 2018 6:09 pm

You need to sell your old house first, and do so before 18 Novemebr 2018. Otherwise the 3% will apply.


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