Stamp Duty for Side Garden Build?

mike_2009

Hi,
I own a side garden. I plan to sell the house minus the side garden and build on it. Would this incur stamp duty?
Thanks

jmBuildExt

mike_2009 wrote: »

Hi,
I own a side garden. I plan to sell the house minus the side garden and build on it. Would this incur stamp duty?
Thanks

Sale of the house? Or building the new house?
Sale of house obviously will.
Building the new house won't (stamp duty is a tax on transfer of property) but by the time you pay your other charges e.g. council contributions you will wish that you only had to pay stamp duty.

mike_2009

Thanks - so no stamp duty for me to build or as a seller. Cheers!

Calahonda52

Off topic, you had better do this in the right order as the new owners could make life difficult for the new house planning ap/ services etc

dubrov

Surely the residential rate of 2% would apply on the sale of the house. The buyer would pay this though

mike_2009

Thanks - yes, planning first, then bring in services, then sell. Toying with renting back house for 6 months under caretaker agreement but that would put off potential buyers and house is unlikely to be finished by that stage.....

Yep - buyer has their own stamp duty to pay....

Cheers.