In need of a little help from any kind SDLT expert here!
I own two homes, A and B. I’ve registered A with HMRC and they’ve replied to confirm it’s my “main residence” under something called s222(5) TCGA 1992.
I want to sell A and replace it with a new main residence, C, as soon as I find one. I’ll live in B in the meantime.
I’m guessing that when I buy C (having already sold A) I’ll have to pay the extra 3% SDLT because I still own B, even though it was a second home and I intend it to stay as such.
But will I be able to reclaim from HMRC the 3% once I buy and register C as my new main residence? Or does B automatically become my main residence after A is sold (because at that point B is the only home I have) so C automatically becomes, and stays, a second home - on which I cannot reclaim the 3%?
Thank you.
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