The Government has returned £127 million to 10,700 homeowners who were charged a stamp duty premium for buying a second home, before selling their original property.
Since April 2016 buy-to-let landlords and second homeowners have had to pay a 3% stamp duty surcharge.
However under the ‘replacement main residence rule’ second homeowners can get a refund if they sell their former home within three years.
Buyers in this situation were typically repaid £11,869 each.
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This post was written by Debbie Brown