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3% additional tax from April

What is the position if I buy another property before I sell my existing - despite it being on the market with the intention of selling it - post April 16 - could I reclaim the additional 3% tax?

Asked on Feb 6 2016, Selling in Dorset | Report content

Answers (1)

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  • Probably,"Confirmation of the final design will be announced at the Budget on 16 March 2016" "A refund will be allowed in situations where a purchaser paid the higher rates of SDLT on the purchase of a new main residence and within 18 months disposes of a previous main residence."

    Web reference: http://www.gov.uk/government/consultations/consultation-o...

    Answered on Feb 8 2016, Report content

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