S
Srini10
Guest
Hello there,
We purchased a house(2nd hand) last year by paying 330K. We are FTB's and this house was purely for self accomodation. We are non-nationals. Due to some unavoidable circumstances(parents ill health condition), time is demanding us to move back to our country for atleast 2 years and come back and use the house as our primary residence.
During this period we are planning to let out the house, for the purpose of servicing the mortgage. Initially when we bought the property we paid 3% stamp duty. I came to understand from my solicitor that I will ahve to pay additional stampduty as I am treated as Investor. Can anyone please help us understand this clearly? Any suggestion greatly appreciated.
Regards,
Srini
We purchased a house(2nd hand) last year by paying 330K. We are FTB's and this house was purely for self accomodation. We are non-nationals. Due to some unavoidable circumstances(parents ill health condition), time is demanding us to move back to our country for atleast 2 years and come back and use the house as our primary residence.
During this period we are planning to let out the house, for the purpose of servicing the mortgage. Initially when we bought the property we paid 3% stamp duty. I came to understand from my solicitor that I will ahve to pay additional stampduty as I am treated as Investor. Can anyone please help us understand this clearly? Any suggestion greatly appreciated.
Regards,
Srini