{"id":58658,"date":"2017-06-22T13:00:29","date_gmt":"2017-06-22T06:00:29","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-i-be-taxed-if-i-sell-my-house-which-i-rented-out-and-buy-a-new-one-to-live-in\/"},"modified":"2017-06-22T13:09:14","modified_gmt":"2017-06-22T06:09:14","slug":"will-i-be-taxed-if-i-sell-my-house-which-i-rented-out-and-buy-a-new-one-to-live-in","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-i-be-taxed-if-i-sell-my-house-which-i-rented-out-and-buy-a-new-one-to-live-in\/","title":{"rendered":"Will I be taxed if I sell my house, which I rented out, and buy a new one to live in?"},"content":{"rendered":"


\nI lived in it with my late wife before letting it, and want to sell. Where do I stand regarding stamp duty and capital gains tax? Q Could you please help? In 1984, I purchased a house and lived there with my late wife until August 2015. I then rented the house out and moved in with a friend as I didn\u2019t want to live there anymore (too many memories). I would now like to sell the house and buy another in a different area to live in on my own. Would I be liable for any tax, doing this? TA A If the house you end up buying costs more than \u00a3125,000, you will definitely have to pay stamp duty land tax (SDLT) and you can work out exactly how much using our handy SDLT calculator. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Will I be taxed if I sell my house, which I rented out, and buy a new one to live in?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I lived in it with my late wife before letting it, and want to sell....<\/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-58658","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-fg6","jetpack-related-posts":[{"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":58658,"position":0},"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. I then got married in 2018 and moved in to my husband\u2019s house, which he\u2019d bought in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":108390,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-siblings-and-i-inherited-a-house-will-we-be-liable-for-stamp-duty\/","url_meta":{"origin":58658,"position":1},"title":"My siblings and I inherited a house, will we be liable for stamp duty?","date":"June 24, 2019","format":false,"excerpt":"\r The house is probably worth \u00a380,000 to \u00a390,000, but three of us already own propertyQ My three siblings and I inherited property from my great-aunt after she died in 2006. It\u2019s a tiny cottage in Wales, with one bedroom, one living room, a small kitchen and a small bathroom.\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":58658,"position":2},"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":125718,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/did-we-pay-4000-stamp-duty-unnecessarily-when-selling-our-flat\/","url_meta":{"origin":58658,"position":3},"title":"Did we pay \u00a34,000 stamp duty unnecessarily when selling our flat?","date":"April 4, 2022","format":false,"excerpt":"\r Shared-ownership property was sold under process of back-to-back staircasingQ My fiancee and I have recently sold our shared-ownership flat under an increasingly popular process known as back-to-back or simultaneous staircasing. We owned 40% but decided, with a view to making the flat more marketable, we would sell 100% \u2013\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":195,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-can-i-avoid-stamp-duty-when-i-buy-my-ex-wife-out-of-the-house\/","url_meta":{"origin":58658,"position":4},"title":"How can I avoid stamp duty when I buy my ex-wife out of the house?","date":"October 8, 2015","format":false,"excerpt":"\r It feels wrong to pay SDLT again but our consent order only mentions how proceeds will be split if the house is sold Q My wife and I split up in September 2013 and subsequently got divorced. She stayed in the marital home with our children and I moved\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95941,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-partner-is-a-first-time-buyer-but-i-am-not-do-we-have-to-pay-stamp-duty\/","url_meta":{"origin":58658,"position":5},"title":"My partner is a first-time buyer but I am not. Do we have to pay stamp duty?","date":"August 13, 2018","format":false,"excerpt":"\r I want to buy a home with my fiancee, but already own 20% of another property. Can we benefit from the SDLT relief available to first-time buyers? Q I have a 20% stake in a house I jointly own with my brother. 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