Second Property Stamp Duty Rebate
Dec 18, 2019 2:28:24 GMT
Post by Rob on Dec 18, 2019 2:28:24 GMT
I think I know the answer to this and might not need to do this anyway - e.g. the money we have buys a house overseas.
We are looking at new houses in relation to our plan to live in (hopefully) Greece. I think I am right in saying if we purchased another house before selling this one we can (within the 3 year limit) claim back the extra stamp duty paid on a second home (the 3%).
Let's say for arguments sake we buy another house for £360k and it's therefore a second home (briefly), that means stamp duty of £18,800 which is an extra £10,800 compared to if we sell this house first. Not selling this house first might be easier and less stressful. So could we then reclaim the £10,800 when we sell this house?
It's sort of academic but with the Brexit uncertainty maybe we have extra cash to sort out the UK relocation sooner.
We are looking at new houses in relation to our plan to live in (hopefully) Greece. I think I am right in saying if we purchased another house before selling this one we can (within the 3 year limit) claim back the extra stamp duty paid on a second home (the 3%).
Let's say for arguments sake we buy another house for £360k and it's therefore a second home (briefly), that means stamp duty of £18,800 which is an extra £10,800 compared to if we sell this house first. Not selling this house first might be easier and less stressful. So could we then reclaim the £10,800 when we sell this house?
It's sort of academic but with the Brexit uncertainty maybe we have extra cash to sort out the UK relocation sooner.
