Dear *****ina,Hello and welcome. Thank you for providing an opportunity to assist you.YES -- You are perfectly correct. You will NOT be liable for additional 3% duty. Let me explain.
If the home you are buying replaces your main residence, you will not be liable for the 3% surcharge, even if you own an additional property/properties (such as a second home, or let flat) at the same time. This example is straight from the Government's consultation document:
"A owns both a main residence and a second home. She sells her main residence and purchases a new one. Although she has two properties at the end of the day of the transaction, she has replaced her main residence so the higher rates will not apply."
I am sure this would help.
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Welcome Carolina once again.
From what I understand from your situation, that this 3% additional payment will be required ONLY IF you keep your first main residence and buy the second one BEFORE selling the first one.
If you move out of your main residence (Home A) but keep it and buy another main residence (Home B), you will have to pay the 3% Stamp Duty surcharge initially.
However, so long as you sell Home A within 36 months (increased from 18 months in the March 2016 Budget) of completing on the purchase, HMRC will make a full refund.
The refund applies, in fact, to the sale of any property that has been your only or main residence at some point during the 36 months leading up to the purchase (ie, you don't have to be moving directly out of one main residence and into a new one).
How long you have lived in a previous main residence will not be relevant.
So, if you have already disposed off your main residence before buying the another one, this additional payment will not arise at all. Otherwise, there will be this refund process that will follow.
Hello again.In this case, you can simply go ahead with the purchase and the 3% additional duty will not be applicable. There is a separate process ONLY IF you are claiming a refund, and not otherwise.
Hello again.No. You can simply go ahead buying the house. There is no separate process to "inform" HMRC. You will not pay additional 3% as well as you are NOT keeping your first house.There is a provision of a separate process ONLY if you are to claim a refund and not otherwise.