{"id":132636,"date":"2022-12-12T14:00:55","date_gmt":"2022-12-12T07:00:55","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-we-pay-higher-stamp-duty-on-buying-a-uk-home-if-we-keep-our-eu-flat\/"},"modified":"2022-12-12T14:09:49","modified_gmt":"2022-12-12T07:09:49","slug":"do-we-pay-higher-stamp-duty-on-buying-a-uk-home-if-we-keep-our-eu-flat","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-we-pay-higher-stamp-duty-on-buying-a-uk-home-if-we-keep-our-eu-flat\/","title":{"rendered":"Do we pay higher stamp duty on buying a UK home if we keep our EU flat?"},"content":{"rendered":"


\nMy 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 for me 10 years ago, and at the time the purchase price was about \u00a325,000. I understand that we wouldn\u2019t be first-time buyers in the UK even if we sold the flat but I would like to find out if we would be expected to pay the higher stamp duty when buying our new home if we were to keep the Budapest property? We are both Hungarian citizens but UK residents for 10 years with a settled status. KVA As you are aware, if you already own property anywhere in the world, you are liable to pay the higher stamp duty land tax (SDLT) rates when you buy a second property in England and Northern Ireland (different rules apply in Wales and Scotland). However, as you are also aware, in England and Northern Ireland if the first residential property (or a part of one) is worth \u00a340,000 or less you don\u2019t have to pay the higher rates of SDLT on your second property. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Do we pay higher stamp duty on buying a UK home if we keep our EU flat?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

My husband and I are in Budapest and we want to get a property in...<\/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-132636","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-yvi","jetpack-related-posts":[{"id":131282,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/we-live-abroad-but-plan-to-buy-a-uk-house-to-rent-out-what-stamp-duty-will-we-pay\/","url_meta":{"origin":132636,"position":0},"title":"We live abroad but plan to buy a UK house to rent out. What stamp duty will we pay?","date":"October 31, 2022","format":false,"excerpt":"\r The property we want is \u00a3500,000 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\u2019re really confused about what stamp duty we\u2019ll need to pay.We\u2019re both British but we are currently\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":63632,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/im-buying-a-flat-as-im-separating-can-i-reclaim-the-higher-stamp-duty\/","url_meta":{"origin":132636,"position":1},"title":"I'm buying a flat as I'm separating \u2013 can I reclaim the higher stamp duty?","date":"August 14, 2017","format":false,"excerpt":"\r I want to move out of the marital home and this flat would be the only property in my nameQ My husband owns the house we live in. Things are strained between us and I have decided to buy a flat so I can move out. My solicitor mentioned\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":132636,"position":2},"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":[]},{"id":963,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/does-the-3-stamp-duty-for-second-properties-apply-in-scotland\/","url_meta":{"origin":132636,"position":3},"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":122942,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-i-have-to-pay-higher-rate-stamp-duty-if-i-keep-a-rental-flat\/","url_meta":{"origin":132636,"position":4},"title":"Will I have to pay higher-rate stamp duty if I keep a rental flat?","date":"November 1, 2021","format":false,"excerpt":"\r My 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. 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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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/132636"}],"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=132636"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/132636\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=132636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=132636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=132636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}