{"id":122942,"date":"2021-11-01T14:00:02","date_gmt":"2021-11-01T07:00:02","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-i-have-to-pay-higher-rate-stamp-duty-if-i-keep-a-rental-flat\/"},"modified":"2021-11-01T15:03:25","modified_gmt":"2021-11-01T08:03:25","slug":"will-i-have-to-pay-higher-rate-stamp-duty-if-i-keep-a-rental-flat","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-i-have-to-pay-higher-rate-stamp-duty-if-i-keep-a-rental-flat\/","title":{"rendered":"Will I have to pay higher-rate stamp duty if I keep a rental flat?"},"content":{"rendered":"


\nMy husband and I are planning to sell the house we live in, which is our main residenceQ I bought a flat in 2016 and lived there for a couple of years. I then got married in 2018 and moved in to my husband\u2019s house, which he\u2019d bought in 2015 and which remains solely in his name. I\u2019ve been renting out my flat ever since. We now plan to sell the house we live in and buy a new one. If I keep my rental flat will I be liable for higher rates of stamp duty?NAA No, I don\u2019t think that you will be liable for the higher rate of stamp duty land tax (SDLT) and this is why. As luck would have it, I came across an illuminating example in HM Revenue and Customs\u2019 (HMRC) online Stamp Duty Land Tax Manual which describes your situation almost exactly (if it weren\u2019t for the fact that it\u2019s the husband who has the rental property and they both live in the wife\u2019s house). Substituting you for Mr S (in the HMRC example) and your husband for Mrs S, this is how it reads: \u201cMr and Mrs A, a married couple, each own a residential property, with neither having any interest in the other\u2019s property. They both live in the property owned by Mr A; the property owned by Mrs A is rented out. Mr A is selling his property and they are jointly purchasing a new one, which will be their new main residence. Mrs A will retain her rented out property.\u201d Continue reading…
\n
\nSource : theguardian.com
\nRead more…Will I have to pay higher-rate stamp duty if I keep a rental flat?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

My husband and I are planning to sell the house we live in, which is...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-122942","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-vYW","jetpack-related-posts":[{"id":963,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/does-the-3-stamp-duty-for-second-properties-apply-in-scotland\/","url_meta":{"origin":122942,"position":0},"title":"Does the 3% stamp duty for second properties apply in Scotland?","date":"January 7, 2016","format":false,"excerpt":"\r We might rent out our flat and buy a house, but are unsure if the stamp duty rules apply to our new house even though we\u2019d be living in it Q I live with my wife in a flat in central Glasgow and we\u2019re looking to move somewhere quieter\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":100917,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-i-need-to-pay-more-stamp-duty-on-a-home-because-i-also-own-a-flat\/","url_meta":{"origin":122942,"position":1},"title":"Do I need to pay more stamp duty on a home because I also own a flat?","date":"November 5, 2018","format":false,"excerpt":"\r I bought a flat with my daughter and I\u2019m worried I will have to pay the higher rateQ My husband and I sold our main home in August 2017 and are using the money from the sale to buy a new home for us to live in which will\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":132636,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-we-pay-higher-stamp-duty-on-buying-a-uk-home-if-we-keep-our-eu-flat\/","url_meta":{"origin":122942,"position":2},"title":"Do we pay higher stamp duty on buying a UK home if we keep our EU flat?","date":"December 12, 2022","format":false,"excerpt":"\r My husband and I are in Budapest and we want to get a property in Britain for about \u00a3325,000Q My husband and I are looking to buy a property in the UK and our budget is about \u00a3325,000. I already own a flat in Budapest, which my parents bought\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116982,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/stamp-duty-on-second-home-will-propertyless-co-owner-save-me-cash\/","url_meta":{"origin":122942,"position":3},"title":"Stamp duty on second home: will propertyless co-owner save me cash?","date":"June 8, 2020","format":false,"excerpt":"\r I have a flat and want to buy another property, listing my husband as joint ownerQ In 2016 I bought a flat and have since married. My husband does not work due to ongoing mental health issues and he does not own any property of his own.I want to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":10764,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/stamp-duty-u-turn-brings-tax-relief-for-granny-flat-buyers\/","url_meta":{"origin":122942,"position":4},"title":"Stamp duty U-turn brings tax relief for \u2018granny flat\u2019 buyers","date":"April 16, 2016","format":false,"excerpt":"\r Changes to new rules for second homes follow outcry over plan to consider granny flats as second homesThe government has announced changes to the rules around the new stamp duty charge on second homes, after it emerged that people buying homes with granny flats would face higher tax bills.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":120061,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/is-our-solicitor-wrong-when-she-says-we-owe-10500-in-stamp-duty\/","url_meta":{"origin":122942,"position":5},"title":"Is our solicitor wrong when she says we owe \u00a310,500 in stamp duty?","date":"January 18, 2021","format":false,"excerpt":"\r We are replacing our main residence but my husband owns a buy-to-let flat Q My husband and I are due to exchange on a house today and we were under the impression during the four-month conveyancing process that we would not have to pay stamp duty because we were\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122942"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=122942"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/122942\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=122942"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=122942"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=122942"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}