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  • Property-a-holics

    Selling former BTL - stamp duty rate?

    Hi there,

    I am considering moving back into one of my BTL and living in it for a year or so. If I then sell the property (approx 600k) to upgrade to another property for me to live in (approx 1mm) can I take advantage of the residential stamp duty rates on my new home? Or do I pay the additional 3%?

    i have a couple of others properties held in a company 50/50 between me and my wife.

    essentially wondering the exemption for principal residence applies if you hold other investment property.

    thanks!

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