We have bought a new (to us) house and assumed we would be paying the extra stamp duty (or whatever its now called) on second homes and claiming it back when our current house was sold.
However we have had an offer that would mean our current house would be exchanged only two weeks after the new house.
Stamp duty is payable 30 days after completion. Does this mean that we now wouldn't have to pay the extra as we have bought and sold within the 30 days?
Will obviously phone my solicitor on Monday to clarify, but this would be very good news for us if we don't have to pay it and then claim back so desperate to know now!!
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Two week overlap between new house and old. What's the deal with the stamp duty on second homes?
3 replies
trixymalixy · 05/11/2016 07:53
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