jaydubya

Thanks all, there is so much conflicting advice/information out there. I spoke to a tax specialist yesterday and they were sure I wouldn’t have to pay it since it will replace my main residence. They believe it will fall under residential rules. We will put the case forward to HMRC but I just can’t believe there isn’t a black and white answer to it.

So we are about to sign contracts for our plot (only taken 8 months, but that’s a whole other story!) We sold our main residence to fund the purchase back end of last year, and we also own a BTL property. I was under the impression we would be charged standard rate stamp duty because the plot will be a self build we plan to live in (if we were just moving house it would be standard rate). Our solicitor says she spoke with HMRC and they claim I need to pay higher rate stamp duty which is a bit of a shock. Will make some calls later today but would appreciate any steer if people have been in a similar situation or are in the know. Google seems to give very mixed views.