Higher Tax on my first UK property

[sv]

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]

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/