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SDLT advice - BTL investor without main residence


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Imagine this situation:

Landlord with 2 properties lives with his parents, they own this property. Landlord does not own any property that he lives in. Landlord then buys a house to live in himself.

Does he have to pay the higher rate of stamp duty?

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Don’t forget that it’s just a flat 3% now if property under £500k and if you have had lived in a house you own at some point, you may not be liable to additional  3% SDLT. Sometimes it’s possible to structure your portfolio in a way that avoids additional SDLT on your home but it spends on your specific circumstances. 

Jerome

Jerome@TaxAntics.co.uk

www.TaxAntics.co.uk
 

 

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