Primary Residence for rent before 5 yrs expires

[portside]

hopefully i can get a steer on this.
Moving out of house after 3.5 yrs as a primary residence and it was my first home. Looking to rent it out and rent elsewhere. Am i going to get a double hit as will have to pay tax on property as investment and also pay rent elsewhere. I do not intent to buy another property, What is the best way to proceed.

 

[asdfg]

You will get caught for Stamp Duty clawback Difference between investors rate at time of purchase and amount of Stamp duty you paid could be significant?
You will also have to pay tax on profit from rental income. See [broken link removed]

 

[webtax]

You should work out how much your SD clawback would be versus the rent you will get over the next 1.5 years. Would it be worth leaving the property idle and saving the SD/letting costs associated with renting it out?
Or you could sell it altogether and buy a new one instead of renting. You will need to watch for capital gains tax down the line if you sell the first property in a few years time whereas none if you sell it now.