Hello, I have what I think is a simple question and have been given conflicting answers so I thought I would go to the top (here) for the answer. Here goes... Im disabled aged 88 And just a couple of days ago I found my perfect bungalow on my first day of looking for £460,000 and have agreed to buy it. Neither the seller nor I have a mortgage and we are both free to move quickly. My house will be going on the market in about 4 weeks (builders in) and I have high hopes of a quick sale at around £600,000 and I anticipate a quick transaction and here is the question...do I have to pay stamp duty? One person has told me I will because at some point I will own both houses until mine is sold. Another says I have to pay it and reclaimed it when mine is sold, another says I don’t have to pay Stamp Duty at all as my purchase is under £500,000. I’ve got an appointment with a Solicitor in a few days and Im sure he will explain it all to me at length but I don’t want to appear too daft in his presence. Phew, that took some describing..
Thank you
Jackie
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