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PAUL439D

Stamp Duty question

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I’m planning on buying a new main residence (A) worth £390K from the entire proceeds of the sale from my late father’s house (B).

 

My existing main residence (C) will be on the market at the time of completion on my new main residence (A).

 

Is it likely I’d have to pay the extra 3% stamp duty in this scenario?

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1 hour ago, haf1963 said:

As i recall,

 you have to pay the extra 3% but can claim it back as long as you sell within 3 years

 

Totally agree! I understand you have 3 years to apply for it, then they will reimburse you for stamp duty you've paid. 

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