I bought Property A in 2013.
In Oct 2018, I moved into a rented property, I’ll call it Property B.
I’ve let out Property A, but it remains my main residence for stamp duty purposes.
I’m still living in Property B but am now looking to buy another place, Property C.
If I buy Property C, during the stamp duty holiday, I’m expecting to pay the 3% stamp duty surcharge.
As I understand stand it, I will be able to apply for a refund for the surcharge if I sell Property A within three years of purchase of Property C (the three year rule).
But here’s the nub. I have read that I also would have had to have lived in Property A at some point within the previous three years.
I’m asking, as I’ve had an offer from my tenants to sell Property A. It’s not a great one but it maybe my best chance to sell before Oct 2021, when it will have been three years since I last lived in Property A.
If I don’t Have to sell before Oct 2021 to get the stamp duty refund, I’d rather wait to sell at some point during the three years after purchase of Property C.
Some online tax advisers say it’s a condition that you have to have lived in Property A at some point within the three years. But I can’t find anything about that on gov.uk.
I’ve even filled out the refund form, and can’t see a reference to having to have lived in previous main residence in last three years.
But various tax advisers wouldn’t have just made it up....maybe the rules have been changed recently?
Don’t suppose anyone can help?
In Oct 2018, I moved into a rented property, I’ll call it Property B.
I’ve let out Property A, but it remains my main residence for stamp duty purposes.
I’m still living in Property B but am now looking to buy another place, Property C.
If I buy Property C, during the stamp duty holiday, I’m expecting to pay the 3% stamp duty surcharge.
As I understand stand it, I will be able to apply for a refund for the surcharge if I sell Property A within three years of purchase of Property C (the three year rule).
But here’s the nub. I have read that I also would have had to have lived in Property A at some point within the previous three years.
I’m asking, as I’ve had an offer from my tenants to sell Property A. It’s not a great one but it maybe my best chance to sell before Oct 2021, when it will have been three years since I last lived in Property A.
If I don’t Have to sell before Oct 2021 to get the stamp duty refund, I’d rather wait to sell at some point during the three years after purchase of Property C.
Some online tax advisers say it’s a condition that you have to have lived in Property A at some point within the three years. But I can’t find anything about that on gov.uk.
I’ve even filled out the refund form, and can’t see a reference to having to have lived in previous main residence in last three years.
But various tax advisers wouldn’t have just made it up....maybe the rules have been changed recently?
Don’t suppose anyone can help?