G
gerrowadat
Guest
I bought my house new in December 2006, which means this is my 3rd year of living in it. I'm thinking of emigrating this year, but keeping my house and renting it out. When I bought it, I thought the stamp duty clawback period was 5 years, but this seems to have changed.
From http://www.citizensinformation.ie/categories/housing/owning-a-home/buying-a-home/stamp_duty :
Reduction of claw-back period: for purchase deeds dated on or after 5 December 2007 the clawback period is reduced to 2 years. Where a property was purchased before 5 December 2007 but was rented on or after that date, there will be no claw back of stamp duty relief if it is rented in the 3rd, 4th or 5th year of ownership.
Does anyone have experience with this? Am I now able to move out, rent out the house, and not face stamp duty clawback?
Thanks.
From http://www.citizensinformation.ie/categories/housing/owning-a-home/buying-a-home/stamp_duty :
Reduction of claw-back period: for purchase deeds dated on or after 5 December 2007 the clawback period is reduced to 2 years. Where a property was purchased before 5 December 2007 but was rented on or after that date, there will be no claw back of stamp duty relief if it is rented in the 3rd, 4th or 5th year of ownership.
Does anyone have experience with this? Am I now able to move out, rent out the house, and not face stamp duty clawback?
Thanks.