I have a small portfolio of 4 properties, one residential and 3 BTL
I am planning to buy new residential property and want to convert the current one into BTL however I was told that if I do that then I have to pay 3% extra stamp duty on my new residential property but if I sell my residential property and buy new one then I don't have to pay 3% extra stamp duty....
Is that right? or no matter what I have to pay 3% extra stamp duty because I have other 3 BTLs.
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