The property we want is £500,000 and my husband previously owned a flat in Britain but it has been soldQ My husband and I are planning to buy a house together but we’re really confused about what stamp duty we’ll need to pay.We’re both British but we are currently living and working abroad so aren’t residents. I’m aware that we’ll need to pay a higher rate of stamp duty because of this. We plan to live abroad for at least another four to six years but would like to buy a property in the UK now. We plan to rent out the house until we return, when the house will become our family home.We’re confused about whether this means we need to pay the additional 3% for buy-to-let or second homes. It will be our only property (although my husband has previously owned a flat in the UK, this was sold more than a year ago). We do not own property abroad. The house we want to buy will cost £500,000.TH Continue reading…
Source : theguardian.com
Read more…We live abroad but plan to buy a UK house to rent out. What stamp duty will we pay?
