Hi,
I used to rent out my current home. It was rented out for 3.5 years approx while I was living overseas. I bought it while I was overseas and it was rented out from the outset, under a buy-to-let mortgage. I have been living in it now (as my home) for a year, and plan to move next year or thereabouts. I hame also changed from the buy-to-let mortgage to a home-owners one.
Now, I hear that the Revenue can claw back stamp duty if a FTB rents out there house before a period of N years. So, I'm wondering if the converse can apply, ie. if I make a rented property my home after a couple of years, is it possible to "claw back" stamp duty paid.
Somehow, I suspect that the claw back only works in the Revenue's favour.
Cheers.
I used to rent out my current home. It was rented out for 3.5 years approx while I was living overseas. I bought it while I was overseas and it was rented out from the outset, under a buy-to-let mortgage. I have been living in it now (as my home) for a year, and plan to move next year or thereabouts. I hame also changed from the buy-to-let mortgage to a home-owners one.
Now, I hear that the Revenue can claw back stamp duty if a FTB rents out there house before a period of N years. So, I'm wondering if the converse can apply, ie. if I make a rented property my home after a couple of years, is it possible to "claw back" stamp duty paid.
Somehow, I suspect that the claw back only works in the Revenue's favour.
Cheers.