Dear All,
I own and live in a flat as my main domicile. I also own another flat as an investment property. I wish to sell my main domicile and buy a new main domicile with the proceeds, keeping the investment property to supplement my income.
Am I liable for the extra 3% stamp duty as I own a second property or am I exempt because I’m buying and selling my main domicile? I’ve had two different opinions and wondered if anyone had the definitive answer. My main domicile flat is owned solely by myself, no others are involved.
Apologies if this has already been answered elsewhere in this Forum!
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