ftb stamp duty clawback

i think i have a reasonable grasp of this issue..you can sell the house but within 5 years you cannot rent it other than rent a room scheme.my query is say if there is 2 years to run and i need to sell but becasue of the market a sale most likely will not take place for maybe 2 years what is my situation. do i have to leave house vacant having moved to another job location. i know i cannot rent and i recall that in order to rent a room you must be in occupation. one final question am i right in saying that the abolition of stamp duty for first time buyers does not remove the restrictions re renting in first five years.

You are right with most of it,but you can sell anything at the right price !.

dewdrop said:

my query is say if there is 2 years to run and i need to sell but becasue of the market a sale most likely will not take place for maybe 2 years what is my situation. do i have to leave house vacant having moved to another job location. i know i cannot rent and i recall that in order to rent a room you must be in occupation.

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Yes - to avoid the SD clawback you must not rent it out.

one final question am i right in saying that the abolition of stamp duty for first time buyers does not remove the restrictions re renting in first five years.

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Correct. The clawback remains.

dewdrop said:

becasue of the market a sale most likely will not take place for maybe 2 years what is my situation.

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If you sell the house within a year of when it ceases to be your PPR you are exempt from cgt - if you wait longer you may have partial relief instead.