Stamp duty question

[Myshinynewname]

Really hoping somebody knowledgeable can help me please. I have tried to look this up for myself but I'm struggling to find an answer.
We are in the process of moving house, hoping to complete before April 1st. We also own a share of a business premises, nobody lives there but it is let by a limited company. Do we pay the normal stamp duty rate or do we have to pay the 3% surcharge because we own another property?

I don’t think so but call HMRC and they will confirm. They are truly fantastic at explaining things and will even do calculations for you.

When you say “business premises” what do you mean? Do you let it?

If it is a commercial property then no. If you are moving and selling your main residence and moving to a new main residence then no you won't.

If you currently don't have a main residence then it'll depend on what the property is worth.

Brilliant thank you for the advice.
It's a bit of an odd situation- sold the business but retained the building and now let it to the company who bought us out. Eg a small office block, not houses or flats.
Yes it's our only house that we are selling and the new house will be our home.

You don't pay the extra stamp duty on your main residential home no matter how many other properties you own.

That's really helpful, thank you. Just have to hope that we can complete before the end of the stamp duty holiday now.

This is the HMRC website It carefully refers to residential property (my italics).