Exempt from stamp duty on 2nd property

B

Breaker

Registered User
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36
This may seem a silly questions to some so apologies in advance.

If i a already own a property and then i choose to buy another new property am i still exempt from stamp duty?
 
If you purchase a second house then you will be treated as an investor and not a first time buyer!
 
Breaker said:
If i a already own a property and then i choose to buy another new property am i still exempt from stamp duty?
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If you mean as an investment then you pay investor SD rates.
If you mean a new PPR then if the property was new and under 125sqm then no SD otherwise second time buyer of a second hand house SD rates which are the same as investor rates. See CitizensInformation for more details.
 
Stamp duty on the second property you purchase would depend on whether that property is a new build, the size of the property and whether or not you are going to be an owner-occupier of it.

Of course there is then the question of a clawback of any relief you got on the first property if you are no longer going to live in it.
 
noilheart said:
Of course there is then the question of a clawback of any relief you got on the first property if you are no longer going to live in it.
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Only if it is rented out within 5 years of purchase as an owner occupied PPR.
 
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