UK second home stamp duty
Posted: Mon Oct 29, 2018 5:06 pm
Has anyone "suffered" this yet if moving property within the UK?
There seems little doubt that the Spanish property ownership counts as a property for UK SDLT. As such, if you were to move between a singular property in the UK (downsize for example) then you get clobbered with the additional 3% SDLT on top of regular SDLT by virtue of the fact you own a house in Spain.
A tad frustrating and cannot see any work-around and worth keeping in mind as an overall additional cost to foreign home ownership now unless you never have any intention of selling a UK property.
There seems little doubt that the Spanish property ownership counts as a property for UK SDLT. As such, if you were to move between a singular property in the UK (downsize for example) then you get clobbered with the additional 3% SDLT on top of regular SDLT by virtue of the fact you own a house in Spain.
A tad frustrating and cannot see any work-around and worth keeping in mind as an overall additional cost to foreign home ownership now unless you never have any intention of selling a UK property.