Stamp Duty Owner Occupier/Investor

F

Frank78Ryan

Guest
Hi,
I am a First Time Buyer and am currently looking to purchase a property. I intend to live in it for the next 6 months before going overseas for 12-18 months. My plan at this stage would be to rent out the property while I'm overseas. How does Stamp Duty work in this case and is there a limit on the time the property must be owner occupied before renting it out, if I do not pay the stamp duty.

Any assistance would be greatly appreciated!
 
5 years. Anything under results in a clawback of the full amount that an investor would have paid. It's due to be paid from the day the property is rented.
 
If you buy as an owner occupier but then rent the property out within 5 years of purchase then you will be liable for a clawback of SD - i.e. the SD that an investor would have paid less the amount of SD that you actually paid (if anything).

Post crossed with Howitzer's.
 
Possibly stupid question...but just to clarify.
If stamp duty clawback applies, is it the stamp duty rates at the time of purchase or the current stamp duty rates?
 
Not a stupid question. The rates at the time of the purchase are the ones that apply.
 
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