Stamp duty April 1 changes

(9 Posts)
SayAGreatBigThankyou Sat 12-Mar-16 19:08:06

Am being a bit dim about these changes, and thought someone here may know!

We own a BTL property.
In addition, we will be selling our home and moving to another one. Will we be liable to pay the additional 3%?

NakedMum33and3rd Sat 12-Mar-16 19:56:26

Yes, you will have to pay the additional 3% after April.

It applies to BTL and second homes.

confused

Sootica Sat 12-Mar-16 19:59:06

It doesn't apply when you change your main residence no.

Sootica Sat 12-Mar-16 20:00:01

www.gov.uk/government/consultations/consultation-on-higher-rates-of-stamp-duty-land-tax-sdlt-on-purchases-of-additional-residential-properties/higher-rates-of-stamp-duty-land-tax-sdlt-on-purchases-of-additional-residential-properties

emwithme Sat 12-Mar-16 20:20:50

If you are replacing your main residence, no, you won't pay the extra.

If you are buying a new BTL (or other second/further property), yes, you will.

emwithme Sat 12-Mar-16 20:21:25

Epic x post - my computer is being VERY glitchy...

NakedMum33and3rd Sat 12-Mar-16 20:30:51

Lol shows how much I know!

Sootica Sat 12-Mar-16 21:21:15

Excellent screenshot em grin

SayAGreatBigThankyou Sat 12-Mar-16 21:53:35

Thanks so much - found that link just after posting my OP [idiot]!

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