stamp duty is applied on the value BEFORE VAT, though some solicitors miss this point.
Yes - there is no partial relief - it's all or nothing, so you may be right and it may make sense not to rent it out until the 5 yrs are up.Would we have to pay full stamp duty if we rented it out now? This would come to over 7K if we did (original price minus 13.5% VAT times 4% VAT was my calculation for that) so it sounds to me like we'd be better off either not renting the place until the 5 years are up or else sell it, would that be right? Do the 5 years start when you actually move into the house or when you put the deposit down - pretty sure it's the former but would love if it was the latter as we would be over 5 years then!!
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