Skip to main content Menu with new notification Skip to footer

Second Property Stamp Duty

I currently do not own any properties as my previous main residence has been sold and I am living at a friend's house. If I purchase a holiday flat, not to be my main residence, I would not pay stamp duty because it is below the threshold. However, if in future I decide to purchase a main residence, would I have to pay stamp duty at the hight rate because I already own a property, or would normal stamp dute rates apply?

Asked on Jun 16 2016, General in Yorkshire and The Humber | Report content

Answers (2)

Was this question useful? Yes 0 No 0

Sort by: Oldest | Recent | Highest rated

  • You would have to prove it (the holiday flat) was not your main residence. So if it was let and you did not live there and did not use it as your address then possibly it would not be a main residence. Note if it is not a main residence there will be other tax implications such as CGT when you sell it.

    Answered on Jun 17 2016, Report content
  • If you need to know your Stamp Duty then go online and search for a conveyancing comparison website. Some websites detail your Stamp Duty without entering any personal details

    Web reference:

    Answered on Jul 9 2016, Report content

Didn't find what you were looking for? Ask a question

More General in Yorkshire and The Humber questions on AskMe

See more AskMe Q&A about General