Hi,
In Nov 2002 I bought my PPR (€221k) and received the FTB grant and paid no stamp duty. Two years ago I signed for an apartment to move into as owner occupier (paying no Stamp duty). This apartment was delayed by 18 months and is only now ready to close. With interest rates increasing I can no longer afford to keep both properties so I want to sell the apartment in a few months.
If I move in to the apartment as an owner occupier until I sell it and leave the original house empty will I have to pay claw back of FTB grant and stamp duty relevant to the original time. It seems crazy to rent the house before the 5 year timeframe for renting expires in Nov if I am going to have to pay over eight or nine grand to the government.
Also can anyone remember how much the FTB grant was (I think equilevant of IR£3000, but not sure) , also what was the stamp duty for investors a 221k euro back in 2002.
Who looks after claw back for the FTB grant, and was the claw back time fame 5 years or something less?
Any advice welcome
In Nov 2002 I bought my PPR (€221k) and received the FTB grant and paid no stamp duty. Two years ago I signed for an apartment to move into as owner occupier (paying no Stamp duty). This apartment was delayed by 18 months and is only now ready to close. With interest rates increasing I can no longer afford to keep both properties so I want to sell the apartment in a few months.
If I move in to the apartment as an owner occupier until I sell it and leave the original house empty will I have to pay claw back of FTB grant and stamp duty relevant to the original time. It seems crazy to rent the house before the 5 year timeframe for renting expires in Nov if I am going to have to pay over eight or nine grand to the government.
Also can anyone remember how much the FTB grant was (I think equilevant of IR£3000, but not sure) , also what was the stamp duty for investors a 221k euro back in 2002.
Who looks after claw back for the FTB grant, and was the claw back time fame 5 years or something less?
Any advice welcome