Hello expert,
I bought a property in Jan 2013 under my name as full ownership (My wife's name was not included in the deeds) . Me and my family lived in the house until Mar 2019. It was my main residence during the time between 2013 and 2019 and it was under only in my name.
Later in Feb 2018, we bought another residence home under my and wife's name due to schooling issues. and we moved to the new house in Mar 2019 and rented my previous place. I was planning to sell my earlier home, but due to Covid, the asking price is very low. Hence could not sell it to 3rd party.
Hence i am planning to sell my earlier home which was bought in Jan 2013 to a company owned by my spouse. So that i can claim back the surcharge that was paid for my main residence. At the same time, i can transfer the earlier home to my spouse's company. I am aware, i will incurr an additional stamp duty for this transfer. But the additional stamp duty will get compensated, if i can get the surcharge refund from HMRC.
Please confirm whether i will be able to claim the SDLT surcharge refund as i am selling the earlier property within 36 months of moving to a new residence.
Appreciate your asdvise.
Thanks,
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