Im buying an apartment, and I hope to rent it out.
Im a first time buyer so I dont have to pay stamp duty but if I wanted to rent it out straight away I would be liable for stamp duty.
So my question is:
How long would I have to live in the apartment before I could start renting it, without paying the stamp duty?
One thing to beware of is, if you but the apartment and rent it out you will pay stamp duty but also when you go to buy a property to live in, your FTB relief will be gone, as you will not be a first time buyer (it does not matter whether you live in the first property or not)