My son inherited some money 3 years ago and bought a BTL flat, which he has let out since purchase (not to family); he has never lived in the property.
He has lived with us, his parents during that time.
He now wants to buy his own property, and the question around SDLT has arisen. The mortgage advisor seems to think that because he has never had a 'main residence' the 2nd dwelling premium would not apply. The solicitor thinks different, so I phoned a tax advisor and they said hmm, not sure as this is slightly unusual!
Anyone able to offer a definitive answer?
Thanks in advance.
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