Stamp Duty on Self-Build?

15 December 2017
by Archive User

I’d appreciate advice on where we stand with stamp duty on the purchase of a self-build site.
We propose to remain living in our present house (our principal residence) during the self-build construction, when on completion we will sell this house and occupy the s/build, which will then become our new principal residence.

Thanks, and all thoughts / advice will be much appreciated.

-N

Asked by nigellc

One Answer

  1. Buzz0000 says:

    I have a slightly different variation to this. We intend to demolish our existing house, divide the plot to build multiple units; but retain one plot and the new house built on it as a “replacement” dwelling. As we are effectively not moving our Primary Residence (although we will obviously have to vacate for 12-15 months whilst the works are undertaken), I assume this does not count as a new purchase and so no SDLT is due? We own a small flat elsewhere (bought just before the new 3% BTL surcharge came into effect), but from what I can see this does mean our replacement Primary Residence counts as a 2nd home purchase either. Advice welcome! Thanks D

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