{"id":9008,"date":"2016-03-24T14:00:12","date_gmt":"2016-03-24T07:00:12","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-i-pay-higher-stamp-duty-if-i-buy-a-second-home-to-renovate-and-sell-on\/"},"modified":"2016-03-24T14:15:47","modified_gmt":"2016-03-24T07:15:47","slug":"will-i-pay-higher-stamp-duty-if-i-buy-a-second-home-to-renovate-and-sell-on","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-i-pay-higher-stamp-duty-if-i-buy-a-second-home-to-renovate-and-sell-on\/","title":{"rendered":"Will I pay higher stamp duty if I buy a second home to renovate and sell on?"},"content":{"rendered":"


\nIf I am hit with the new rate, I am wondering if I could claim it back on selling the propertyQ This new higher stamp duty seems awfully complicated. If I buy a second home, renovate it and sell it on within 18 months am I going to be hit with the higher rate? If so, can I claim it back upon its sale? MDA Bad news, I\u2019m afraid. Following a consultation on the new higher rates of stamp duty for additional residential properties, the government has decided that there is \u201cno compelling case for treating property renovators differently\u201d. Property renovators buying additional property to do up will be treated the same as anybody else buying an additional property and so will have to pay the higher rate of stamp duty, which is three percentage points more than the standard rate. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Will I pay higher stamp duty if I buy a second home to renovate and sell on?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

If I am hit with the new rate, I am wondering if I could claim...<\/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-9008","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\/p75ss1-2li","jetpack-related-posts":[{"id":7016,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/buy-to-renovators-face-stamp-duty-penalty\/","url_meta":{"origin":9008,"position":0},"title":"Buy-to-renovators face stamp duty penalty","date":"March 7, 2016","format":false,"excerpt":"\r Additional levy may make the renovation and resale of homes by small investors unviable\r \r Source : ft.com\r Read more...Buy-to-renovators face stamp duty penalty","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12814,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/will-higher-rate-stamp-duty-apply-if-my-ex-wants-to-buy-me-out\/","url_meta":{"origin":9008,"position":1},"title":"Will higher rate stamp duty apply if my ex wants to buy me out?","date":"May 12, 2016","format":false,"excerpt":"\r Confusion over new rules and how they apply to purchasing full stake in part-owned property is affecting my chances of buying a place of my ownQ: I desperately need some advice on the new stamp duty rules. 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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":103410,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/would-we-pay-higher-stamp-duty-if-we-marry-before-buying-together\/","url_meta":{"origin":9008,"position":3},"title":"Would we pay higher stamp duty if we marry before buying together?","date":"January 28, 2019","format":false,"excerpt":"\r We would be tenants in common on the joint propertyQ Please can you advise me whether my partner and I should wait until we marry to buy a new home together or not. I own three rental properties and would probably need to sell my current home to buy\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":117426,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-live-in-a-vicarage-why-am-i-discriminated-against-on-stamp-duty\/","url_meta":{"origin":9008,"position":4},"title":"I live in a vicarage \u2013 why am I discriminated against on stamp duty?","date":"June 29, 2020","format":false,"excerpt":"\r We are unable to claim back the higher-rate duty on a flat we own as it is not our main residenceQ It seems that clergy are discriminated against by the rules on higher-rate stamp duty. We do not own our main residence, the vicarage, but have to live in\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":9008,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/9008"}],"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=9008"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/9008\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=9008"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=9008"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=9008"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}