Transfer TRS from Investment Property to new PPR

I recently bought my second property which is going to become my PPR. How do I transfer my TRS to the new property? Is it a matter of contacting the banks and informing them or is there more to it.

I would also like some advice on the stamp duty clawback on my first property. I orginally bought in 2004 and paid FTB 3.75% stamp duty. It now looks like I'm going to rent this first property out and need to invoke stamp duty clawback which by my reckoning will be 1.25% of original purchase price (5%-3.75%). Bear in mind these were the previous stamp duty bands in 2004.
Are my calculations correct?
What do I need from a solicitor to get this clawback paid and is the process relatively straightforward?
Can I expect a substantial bill from a solicitor to get this clawback paid?

Thanks in advance for any help/advice

rebelroy said:

I recently bought my second property which is going to become my PPR. How do I transfer my TRS to the new property? Is it a matter of contacting the banks and informing them or is there more to it.

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Contact Revenue and your lender to let them know about the change in circumstances.

I would also like some advice on the stamp duty clawback on my first property. I orginally bought in 2004 and paid FTB 3.75% stamp duty. It now looks like I'm going to rent this first property out and need to invoke stamp duty clawback which by my reckoning will be 1.25% of original purchase price (5%-3.75%). Bear in mind these were the previous stamp duty bands in 2004.
Are my calculations correct?

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Not sure if the specific rates were the ones that applied but the general calculations look OK.

What do I need from a solicitor to get this clawback paid and is the process relatively straightforward?

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I'm not sure that you need anything from a solicitor - I think you can pay it directly to Revenue yourself.