3% SDLT
Posted: Tue Mar 13, 2018 12:14 pm
I think I know the answer but wanted to check...
If you buy a new main residence, and dispose of your existing main residence within 3 years - you can reclaim the additional 3% SDLT.
Does it matter what you do with the existing main residence once you purchase and move into the new main residence? (i.e if you let the old main residence out for a year after moving into the new main residence - I assume you can still claim back the 3% if you sell within 3 years)
Page 26 (the examples) of the stamp duty and land tax guidance note (nov 2016) seems to say it just needs to have been your main residence within the last 3 years - but wanted to check in case I'm missing something..
If you buy a new main residence, and dispose of your existing main residence within 3 years - you can reclaim the additional 3% SDLT.
Does it matter what you do with the existing main residence once you purchase and move into the new main residence? (i.e if you let the old main residence out for a year after moving into the new main residence - I assume you can still claim back the 3% if you sell within 3 years)
Page 26 (the examples) of the stamp duty and land tax guidance note (nov 2016) seems to say it just needs to have been your main residence within the last 3 years - but wanted to check in case I'm missing something..