Exempt from stamp duty on 2nd property

[Breaker]

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?

 

[Jockey]

If you purchase a second house then you will be treated as an investor and not a first time buyer!

 

[ClubMan]

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 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.

 

[noilh]

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.

 

[ClubMan]

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.

Only if it is rented out within 5 years of purchase as an owner occupied PPR.

 

[noilh]

Point taken Clubman