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How much is Stamp duty?

I own a property I rent out and am looking to buy another property as my residence and want to know how much stamp duty I will be paying on this second house.

Asked on Jul 25 2017, Selling in Gloucestershire | Report content

Answers (4)

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  • Hello - the level of Stamp Duty will be based on the value of the property but, as it will be your residence, you will not have to pay the tax.

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    Answered on Jul 31 2017, Report content
  • If you're moving house (your main residence) then the additional 3% stamp duty does not apply, even if you have other BTL properties. Double check this with your solicitor.

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    Answered on Aug 2 2017, Report content
  • Stamp duty is a tax payable on all primary residences worth over £125,000. It doesn’t matter if you are paying off your property with a mortgage or if you bought it outright, all owners must pay a stamp duty with the exception being first time buyers who can expect a discount or waiver depending on their property value. As for additional properties, if it is worth more than £40,000 you will have to pay a 30% stamp duty on it, even if you don’t live there, rent it out or spend only a few months of the year there.

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    Answered on Mar 27 2018, Report content
  • Sorry, the correct reference for my answer is below.

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    Answered on Apr 12 2018, Report content

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