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Where Taxpayers and Advisers Meet

Higher Tax on my first UK property

sv
Posts: 1
Joined: Thu Apr 18, 2019 6:26 am

Higher Tax on my first UK property

Postby sv » Thu Apr 18, 2019 6:31 am

Hi All,

I have a buy to let property abroad and have never stayed in it. I am planning on buying my first property in UK, which will be my main and only residence. Do I have to pay the higher rate (3% additional) SDLT?

SDLT Geek
Posts: 171
Joined: Sun Apr 30, 2017 5:45 pm

Re: Higher Tax on my first UK property

Postby SDLT Geek » Thu Apr 18, 2019 9:53 pm

Yes. If your let property is worth £40k or more now. Also assuming you are paying £40k or more for the new house. It might be different if you have sold a home abroad in the last three years: see the details here: https://www.zoopla.co.uk/discover/buying/stamp-duty-land-tax-3-surcharge-replacement-of-an-only-or-main-residence-and-the-all-important-three-year-rule/


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