PPR to Rental Property - Stamp Duty Clawback?

L

Lauren

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A friend who purchased a property 18 months ago for 280,000 (brand new) now wants to rent the property out as she is going abroad. Is there a stamp duty clawback amount payable here?
 
Yes, as she won't be entitled to owner occupier relief, she will be liable to 5% of the price, or €14,000

"A clawback arises if rent is obtained from the letting of the house or apartment for a period of 5 years from the date of the conveyance or transfer, other than under the rent-a-room scheme. The clawback amounts to the difference between the higher stamp duty rates and the duty paid and it becomes payable on the date that rent is first received from the property"
 
OK so thats the amount she would have paid in stamp duty as an investor then? Great thats very clear. Many thanks.
 
Hi All,

Apologies for jumping on to the end of this thread.

What happens if as opposed to buying a property & then renting it out withing the 5 year period....

You buy a site & then "self build" your house on the site as your PPR THEN you decide to rent this propery within the 5 year period?

Are you liable for any stamp duty - if so how is it calculated?

Many thanks

Cashman
 
Cashman said:
Hi All,
Apologies for jumping on to the end of this thread.
What happens if as opposed to buying a property & then renting it out withing the 5 year period....
You buy a site & then "self build" your house on the site as your PPR THEN you decide to rent this propery within the 5 year period?
Are you liable for any stamp duty - if so how is it calculated?
Many thanks
Cashman
Click to expand...

SD will have been paid on buying the site... I do not think any clawback applies in this case.
 
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