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Higher rate stamp duty

I dont understand the new rules for the higher stamp duty and i am confused with the information i have read online. I am currently not married but living with my partner in her house. I own a house that i rent out. She has just accepted an offer on her house and we want to buy a new house together. As we are replacing a main residence i dont think we should be paying the higher rate, but we are not married so am i classed as moving a main residence because i own another house that i am not selling. What if we got married before we bought a new house? Any help is appreciated.

Asked on Mar 2 2017, General in Wrexham | Report content

Answers (1)

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  • The higher rate of stamp duty is set by the price of the property you are purchasing. If it is over the set figures by the government you pay the stamp duty. It is irrelevant that it is your main residence, it's a tax basically and you have to pay it. The best advice will come from your solicitor who will be able to tell you the Stamp Duty you will have to pay, they will have your purchase price so easy to work out. If you are purchasing carpets, furniture etc already in new property, this can be deducted from the purchase price for Stamp Duty purposes, this again your Solicitors will advise.

    Answered on Mar 23 2017, Report content

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