Is I Liable for the 3% SDLT Surcharge on Second Homes

Q. I live in a semi-detached property and am in the process of purchasing my neighbor’s property with the intention of converting the two houses into one. Therefore, the new property will be our main residence alongside our existing property as they will become one. In this situation, are we liable for the 3% stamp duty land tax (SDLT) surcharge?

 

A: The extra 3% SDLT charged on a second property will apply. After the purchase, you will own additional residential property, and you are not replacing your main residence therefore the higher rate is due.

Disclaimer

Powered by BetterDocs

Feeling Lost with Finances?
We're Here to Help!

Tax filings
0 +
Accounts filings
0 +
Reviews
0

Request A Callback

Call Now