I sold my primary home over 11 years ago and went to live with my divorced daughter at her home. She is about to remarry and I have decided to purchase a flat to enable the new couple to enjoy their privacy. However I already own a buy to let property which I have never lived in.
I gather from some recent posts I have read, that as I have no primary home it means that I can purchase a property as a replacement for my primary home without incurring the extra 3% stamp duty, notwithstanding the fact that I would become the owner of a second property. Is my understanding correct?
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