HMRC pays back 10,000 homeowers caught by 3% stamp duty surcharge

Mortgage Introducer

July 31, 2017

The government has returned £127m to 10,700 homeowners who were charged a stamp duty premium for buying a second home – before selling their original property.

Since April 2016 buy-to-let landlords and second homeowners have had to pay a 3% stamp duty surcharge.

However under the ‘replacement main residence rule’ second homeowners can get a refund if they sell their former home within three years.

Buyers in this situation were typically repaid £11,869 each.

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