Stamp Duty Question

[justinbaker]

Hello all
I am in rented accommodation presently. I ab about to purchase a house local to me, the purchase price is £212,000.
I own a small allotment that is freehold I bought back in 2009, and have recently taken 50% ownership of a small industrial unit with my brother.

Do these properties count, or am I exempt from Stamp Duty, as this is my first residential property.

[orangeLP400]

I owned a industrial building and land but I was deemed a first time buyer for my house and stamp duty was not applicable so the answer is your purchase is stamp duty free I believe unless the law has changed recently.

[Simpo Two]

Seems to be only residential property - if I'm right then at £212K there'd be no stamp duty:

https://www.moneyhelper.org.uk/en/homes/buying-a-h...

[Caddyshack]

The only person I would rely on to answer this is the conveyancing solicitor that you use to buy the property - it’s their responsibility to tell you the correct answer.

Interesting question, I think you don’t own residential property so are ok but do check.

[MaxFromage]

Definitions for residential property are actually tied up in tax laws:

https://www.gov.uk/hmrc-internal-manuals/residenti...

Stamp duty Info is here:

https://www.gov.uk/stamp-duty-land-tax/residential...

You won't need to pay any stamp duty.