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Where Taxpayers and Advisers Meet

Buying 2nd house - keeping 1st (BnB)

Gfleming
Posts:1
Joined:Fri Jan 29, 2021 1:41 am
Buying 2nd house - keeping 1st (BnB)

Postby Gfleming » Fri Jan 29, 2021 1:47 am

Hi guys,

I live in a 6 bed BnB, and have operated it for 3 years/owned 10yrs, my family is growing and I’m hoping to buy a second house (as my main residence.)
Will I have to pay the extra Stamp Duty? Considering the first house (BnB is a business property ?

Also, if I’m looking to use my second house as an BnB overspill, will there be stamp duty at all?

Thanks.

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