Estate Agents In York

Sunday, November 4, 2018

Do I need to pay more stamp duty on a home because I also own a flat?

I bought a flat with my daughter and I’m worried I will have to pay the higher rate

Q My husband and I sold our main home in August 2017 and are using the money from the sale to buy a new home for us to live in which will cost £445,000.

However, about four years ago I bought a flat with my daughter which she lives in and which I also used when working away from home. We are planning to sell the flat next year. But until we do, I am worried that I will have to pay a higher rate of stamp duty land tax on our new home.
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