Higher rates for additional properties

Posted on June 07, 2018

You’ll usually have to pay 3% on top of the normal SDLT (Stamp Duty Land Tax) rates, if buying a new residential property means you’ll own more than one.

If you’re replacing your main residence

You won’t pay the extra 3% SDLT if the property you’re buying is replacing your main residence and that main residence has already been sold.

If there’s a delay selling your main residence and it hasn’t been sold on the day you complete your new purchase:

  • you’ll have to pay higher rates because you own 2 properties
  • you may be able to get a refund if you sell your previous main home within 36 months

There are special rules if you own property with someone else or already own a property outside England, Wales and Northern Ireland.