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bigduckontax, Accountant
Category: Tax
Satisfied Customers: 9780
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I live with my parents but I own 4 Buy-to-let properties,

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Hi, I live with my parents but I own 4 Buy-to-let properties, I'm now going to buy my first residential property, do I have to pay stamp duty for a property which is worth £407500? All the website say if you're moving home but I've never owned a residential property. I lived in.
JA: Have you talked to a tax professional about this?
Customer: No
JA: Anything else you want the Accountant to know before I connect you?
Customer: No thank you

Hello, I am one of the experts on Just Answer and pleased to be able to help you with your question.

Bad news, yes you will and, furthermore, you will be liable to the 3% surcharge too as you already own a dwelling world wide.

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Customer: replied 4 months ago.
Ok thank you

Pleased to have been able to help.