If you or your husband / wife or any other party to this transaction own any other properties, you might have to pay a higher rate of Stamp Duty Land Tax (SDLT).
Property owners purchasing an additional property to their main residence in England, Wales and Northern Ireland will be affected by the rise in SDLT. If you already own properties but plan to buy a permanent home to replace another, you are exempt from the paying the higher rate.
If you own two properties on the day of completion of the purchase of your second property but still legally own your first property and plan to sell, you are still obliged to pay the higher rate of SDLT. A refund is available if you sell your former residence property within 36 months.
‘Strictly necessary’ cookies are essential in order to enable you to move around our website and use its features safely, such as accessing secure areas of our website. Without these essential cookies, services you have specifically asked for cannot be provided. These cookies do not gather information about you that could be used for marketing or retargeting purposes, nor do they remember where you have been on the internet. This category of cookies cannot be disabled.
‘Performance' cookies collect information about how you use our website eg which pages you visit, and if you experience any errors. These cookies don't collect any information that could identify you directly - all the information collected is anonymous or pseudonymous. Performance cookies are not used to target you with online advertising; without these cookies, we can’t learn how our websites and applications are performing, and so help us improve your digital browsing experience. In limited cases these cookies enable us to identify specific issues you may have had.
‘Functionality' cookies are used to provide other services such as online calculators and certain navigation elements of a website which enhance your browsing experience, for example, directing you back to a promotion that might have attracted your attention on your first visit. They can also enable us to remember setting choices you make to improve your visit. These cookies may be used to ensure that all our services and communications are relevant to you. The information these cookies collect cannot track your browsing activity on other websites. Without these cookies, our web sites may not be able to remember choices you've previously made or personalise your browsing experience.
'Targeting’ cookies are used to collect information in order to deliver adverts more relevant to you and your interests. These cookies also allow you to ‘like’ and ‘share’ our pages via social networking sites such as Facebook. These cookies and similar technologies gather information about your browsing habits. They remember that you've visited a website and share this information with other organisations, such as advertisers and platforms on which we advertise. Although these cookies and similar technologies can track your visits to other websites, they don't usually know who you are.
We’ve placed cookies on your device to improve the overall user experience of this website. We may also place targeting cookies to collect information to deliver adverts relevant to you.