New Posts For Thread: Buy to let stamp duty question....https://community.betfair.com/chit_chat/go/thread/view/94038/30666815/buy-to-let-stamp-duty-questionIf I remortgage my current flat to a BTL mortgage whilst buying another one with a normal mortgage. Then presumably I pay the BTL 3% extra stamp duty on my current flat? So how do they decide how much my current flat is worth - what to base their cYes. As I understand it, the extra duty is payable when you buy a second residence, regardless of what you do with it - let it, make it your primary residence, your holiday home or whatever.The fact that you're going to convert your current propertyhttps://community.betfair.com/chit_chat/go/thread/view/94038/30666815/buy-to-let-stamp-duty-question?post_id=548105281#548105281Yes. As I understand it, the extra duty is payable when you buy a second residence, regardless of what you do with it - let it, make it your primary residence, your holiday home or whatever.The fact that you're going to convert your current propertyWed, 16 Mar 2016 16:05:02 -0500sell up rob if its an out votehttps://community.betfair.com/chit_chat/go/thread/view/94038/30666815/buy-to-let-stamp-duty-question?post_id=548105059#548105059sell up rob if its an out voteWed, 16 Mar 2016 15:48:18 -0500As I understand it the stamp duty at 3% extra is payable on a second property. You already own the current flat so there will be no stamp duty to be paid on the remortgage so the extra would become due on the new purchase. It may be that the extra ishttps://community.betfair.com/chit_chat/go/thread/view/94038/30666815/buy-to-let-stamp-duty-question?post_id=548103395#548103395As I understand it the stamp duty at 3% extra is payable on a second property. You already own the current flat so there will be no stamp duty to be paid on the remortgage so the extra would become due on the new purchase. It may be that the extra isWed, 16 Mar 2016 13:56:08 -0500If I remortgage my current flat to a BTL mortgage whilst buying another one with a normal mortgage. Then presumably I pay the BTL 3% extra stamp duty on my current flat? So how do they decide how much my current flat is worth - what to base their chttps://community.betfair.com/chit_chat/go/thread/view/94038/30666815/buy-to-let-stamp-duty-question?post_id=548099133#548099133If I remortgage my current flat to a BTL mortgage whilst buying another one with a normal mortgage. Then presumably I pay the BTL 3% extra stamp duty on my current flat? So how do they decide how much my current flat is worth - what to base their cWed, 16 Mar 2016 08:48:46 -0500