The stamp duty land tax that you pay if you plan to buy a new main residence but are still in the process of selling your existing main residence, could initially be costly.
If you buy a new main home and sell your old home at the same time, normal stamp duty rates will apply.
If you keep your main home and buy a new (2nd) home, higher stamp duty rates in England and Northern Ireland (3% additional levy) or Scotland and Wales (4% additional levy).
If you keep or are unable to sell your main home and buy a new (2nd) home, higher stamp duty rates in England and Northern Ireland (3% additional levy) or Scotland and Wales (4% additional levy).
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