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LBTT confusion help!

I currently own and privately rent out a flat because when I went to sell it the house price had dropped so low and wouldn't cover the repayment of the mortgage. I decided to rent it out and move to a new house which is currently my main residence. I want to move house but I am confused about this new LBTT set of rates. I am hoping to conclude the sale of my property and purchase of a new one at the same time, so i will always only own 2 properties. Does the higher rate apply? If so how does it calculate?

Asked on Oct 11 2016, New Homes in Scotland | Report content

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