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Where Taxpayers and Advisers Meet

SDLT if you already own a TimeShare

Posts: 1
Joined: Fri Feb 01, 2019 11:48 pm

SDLT if you already own a TimeShare

Postby TaxCuriousUK » Fri Feb 01, 2019 11:51 pm

if you already own a timeshare overseas purchased for a very small amount of money, say GBP 10k, and you buy a property in the UK, are you expected to pay the additional 3% SDLT?

Thank you very much!

Posts: 4485
Joined: Wed Aug 06, 2008 4:06 pm
Location: West Sussex

Re: SDLT if you already own a TimeShare

Postby pawncob » Wed Feb 13, 2019 1:49 pm

Timeshare is not subject to SDLT, so any UK purchase will be at the lower rate.
With a pinch of salt take what I say, but don't exceed your RDA

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