ChunkyLover
Registered User
- Messages
- 19
And Revenue!Yeah good idea, I will get in touch with my Mortgage Lender.
Maybe but if you do then you will need to pay back TRS that you received on the former PPR since then since you can't claim TRS on more than one property.By the by, will I get the Interest Tax Relief retrospectively from Nov 06, that is when I actually made my first repayment of loan?
Only if the property is rented out within the 5 year timeframe. Not if it is left idle.And when you inform Revenue, they may claw back stamp duty (if you bought the apartment within the last 5 years and were exempt as a FTB).
12 months from the time of vacating it before CGT on some portion of any resale gain becomes an issue.There may have a period of time where you will be allowed to organise the sale of your apartment but the longer it goes on the greater the risk of incurring these extra costs.
Oh yeah, of course, my badOnly if the property is rented out within the 5 year timeframe. Not if it is left idle.
Yes, this is what i was thinking of.12 months from the time of vacating it before CGT on some portion of any resale gain becomes an issue.
So if you want to claim TRS on the new home from this date then any TRS that you got since then will need to be repaid or deducted.The apt is currently idle since Nov 06
No - you will be liable for SD only if you rent the property out within 5 years of purchase as an owner occupier.you mean I have to pay stamp duty, if I cant sell it by Nov 07 (12 months period gets expired, I guess).
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?