Hi,
Suppose someone owns only one property, purchased 5 years ago for £80,000 and now worth say £100,000 and it is their PPR.
They wish to buy a second property to be their PPR for £200,000 ,but they are struggling to sell the first property and are considering refinancing it as a BTL.
If they do so, Is the 3% SDLT premium due on £80,000, £100,000 or £200,000 ?
Thanks
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