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New Stamp Duty Rules Question
love2learn
Posts: 172 Forumite
in Cutting tax
Hi,
I've just sold our family home as relocating. I will bank the proceeds after paying off the mortgage etc. We will be rentinflg for a while in North England
If we are in rented when we buy would we still count as first time buyers? I know technicallly we're not,. But stamp duty was paid om our current house, amd we made a loss selling this one so doesn't seam fair to pay stamp duty again, especially as we won't be selling a house in order to upgrade.
I've just sold our family home as relocating. I will bank the proceeds after paying off the mortgage etc. We will be rentinflg for a while in North England
If we are in rented when we buy would we still count as first time buyers? I know technicallly we're not,. But stamp duty was paid om our current house, amd we made a loss selling this one so doesn't seam fair to pay stamp duty again, especially as we won't be selling a house in order to upgrade.
0
Comments
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In fact just found out we wouldn't qualify, the rules are not flexible enough. I can see why it shouldn't be allowed for someone who's made money on their property sale. But we made a loss. Anyway, that's life taxes aren't always fair0
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It's for first-time buyers. Which part of "first time" were you confused about?0
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