Claw Back Stamp Duty First time buyer

Stronge

Registered User
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235
Is there a claw back of Stamp Duty if a first time buyer sells their PPR within five years?
 
Hi Stronge
As long as it was your PPR the whole of the period, there's no claw back. The claw back only applies if the PPR becomes and investment property during the 5 year period.
HTH
 
Thanks Howitzer,
I stand corrected, I'd forgotten about the change, timing never having worked in my favour!
 
Thanks for your replies, but it is not that aspect of the Stamp Duty I am asking about apparenly it is somthing to do with buying a house where there is the site value and the house value and there is something put in with your registration that says that if it is not your PPR for five years you have to pay back some Stamp Duty, my friend told me that her Solicitor mentioned it to her, I had not know about it but maybe some one here can shed some light !
 
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