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Harris
Harris, Law Specialist
Category: Property Law
Satisfied Customers: 2731
Experience:  Family Law - Specialist in Divorce, Financial Relief and Children Matters
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I have a buy to let property only and currently live in a

Customer Question

Hi,
I have a buy to let property only and currently live in a rented accommodation. If I were to buy my main home now would I be liable for the additional 3% stamp duty? And if so, would I be able to reclaim that additional stamp if I sell my buy to let within 18 months of buying my main home?
Submitted: 8 months ago.
Category: Property Law
Expert:  Harris replied 8 months ago.

Hi, thank you for your question. Unfortunately you would be liable for higher rate stamp duty if yoi were to now buy a further property as a main residence. Furthermore you would not be able to obtain a refund if you were to sell the buy to let as it is not a main residence being replaced by a further main residence.

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