J
If you rent within 2 years you have to pay the difference in stamp duty. If you sell the house within 2 years, you don't.
If you availed of first time buyer's reduced rate of stamp duty when you bought the house, if you rent that house out within 2 years of owning it, you have to repay the "discount" you received in stamp duty (the difference between FTB rate and full investor rate). You can sell the house at any time and not have to pay back any discounted stamp duty. Take a look at the revenue site for information.
I was only referring to that portion of the question as it related to stamp duty.
Thanks for this explanation. So lets just say for the want of an example, we bought the house in September 2008 for 200,000 and should have paid 10,000 in stamp duty but didnt because we were a first time buyers. So if we rented out the house on the 1st of May, we would have to pay the 10,000 to the revenue?
As well as this, would no longer be eligible for a first time buyers allowance on any future properties?
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