Yet another ftb question relating to stamp duty!
We are building a house, which is the first home we ever bought. We are now considering selling it once it is finished for various reasons.
Am I correct to say that we would then have to pay capital gains on the house as we never occupied it?
If this is the case would we be considered first time buyers (relating to stamp duty) if we purchase another house? Not sure if it would have any implication but we have not processed our tax relief on the property we are building yet.
Thanks
We are building a house, which is the first home we ever bought. We are now considering selling it once it is finished for various reasons.
Am I correct to say that we would then have to pay capital gains on the house as we never occupied it?
If this is the case would we be considered first time buyers (relating to stamp duty) if we purchase another house? Not sure if it would have any implication but we have not processed our tax relief on the property we are building yet.
Thanks