Thanks for the help on the last property investment thread lads & lassies.
I have another question, I've been trawling the Revenue website the past few days and just can't get a straight answer about stamp duty on new builds.
Background is that we bought a new build with a floor area exemption cert as FTB for our PPR two years ago. We plan on letting it out, but can't figure out whether we will have to pay (a) clawback of 4% (stamp duty for investors at the time), or (b) clawback of 4 5 of 1/4 of value of property at time of purchase (ok well 1%).
Is this making sense? Can anyone help me out on this one - which applies? The 1/4 stamp duty or the other?
Thanks a million in advance
(the revenue website alludes to both so that's why I'm so confused - I did try to get independent advice but no one can give me a straight answer.)
I have another question, I've been trawling the Revenue website the past few days and just can't get a straight answer about stamp duty on new builds.
Background is that we bought a new build with a floor area exemption cert as FTB for our PPR two years ago. We plan on letting it out, but can't figure out whether we will have to pay (a) clawback of 4% (stamp duty for investors at the time), or (b) clawback of 4 5 of 1/4 of value of property at time of purchase (ok well 1%).
Is this making sense? Can anyone help me out on this one - which applies? The 1/4 stamp duty or the other?
Thanks a million in advance
(the revenue website alludes to both so that's why I'm so confused - I did try to get independent advice but no one can give me a straight answer.)