This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

SDLT if you already own a TimeShare

TaxCuriousUK
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

DEAR ALL,
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!

pawncob
Posts: 4269
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.
https://www.gov.uk/hmrc-internal-manuals/stamp-duty-land-tax-manual/sdltm10022
With a pinch of salt take what I say, but don't exceed your RDA


Return to “Stamp Duty, Stamp Duty Land Tax, SDLT”

cron