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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

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