Hi Guys,
My brother has a second home on which he wants to reclaim stamp duty. He has been living in this second home as main residence for 2 years and 9 months.
He is planning on "giving away" his interest in his previous main residence this September 2020
Will he still be able to reclaim stamp duty refund after September 2020? This will take him over 3 years but i understand you have 3 months to reclaim after you "sell" or "give away" any interest in your previous main residence?
And please can you confirm that the refund calculations are correct below.
From my calculations the refund should be £9,337.50 (£14,900 - £5,562.50)
Thanks
2nd property breakdown % paid
125,000 3 3750
125,000 5 6250
61,250 8 4900
Total 311,250 14,900
normal rate breakdown % LESS
125,000 0 0
125000 2 2500
61250 5 3062.5
Total 311,250 5562.5
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