This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our privacy notice.

Reclaiming The SDLT Supplement On Replacement Main Residence

By Sarah Bradford, June 2020
Sarah Bradford outlines the rules for reclaiming the stamp duty land tax paid at the higher rates on the sale of a former main residence where a replacement main residence was purchased before the previous main residence was sold. 

What is the stamp duty land tax supplement?

Since 1 April 2016, higher rates of stamp duty land tax (SDLT) apply to purchases of second and subsequent residential properties where the cost of the additional property is over £40,000 (i.e. virtually all properties!). Although the measure was aimed mainly at buy-to-let landlords, it also affects anyone who has a second home, such as a holiday cottage or city flat.
Despite the supplement, where a person has more than one residential property, it is possible to replace the main residence without suffering the additional rates on the purchase of the replacement

This is one of our 1841 Premium articles

To see this article in full and unlock access to our complete library of 1841 articles click 'subscribe & unlock' below:

Subscriptions include a 14 day free trial
+ money back satisfaction guarantee

Begin your tax saving journey today

Each month our tax experts reveal FREE tax strategies to help minimise your taxes.

To get Tax Insider tips and updates delivered to your inbox every month simply enter your name and email address below:

Thank you for signing up to hear from us!