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Please note that there is a 4% LBTT (stamp duty) surcharge payable on additional property purchases. The surcharge is payable if at the time the deal goes through you own other properties in the UK or even worldwide, unless the property you are purchasing is going to be your principal residence or is being purchased in substitution of your principal residence. It is therefore important that you tell us at the point of quotation if you are in that position because this will have a significant effect on the outlays payable.
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