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if we sell, then rent, will we pay stamp duty on next purchase

2

Comments

  • ktuludays
    ktuludays Posts: 368 Forumite
    CLAPTON wrote: »
    maybe because some mortgage lenders will offer FTB status if you don't own a home now even if you once owned one.

    this was my thought. if that is not the case then plan a is back on.

    cheers for all the replies

    rob
    You got to get through what you've got to go through to get what you want but you got to know what you want to get through what you got to go through.
  • angrypirate
    angrypirate Posts: 1,151 Forumite
    As far as stamp duty is concerned, you are only considered a FTB if you have never been on the Land Registry before.
  • neverdespairgirl
    neverdespairgirl Posts: 16,501 Forumite
    ILW wrote: »
    Why would anybody who used to own and is now renting think they were first time buyers? Am I being really thick here?

    You aren't even classed as a FTB if you have never bought before, but have sold.
    ...much enquiry having been made concerning a gentleman, who had quitted a company where Johnson was, and no information being obtained; at last Johnson observed, that 'he did not care to speak ill of any man behind his back, but he believed the gentleman was an attorney'.
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Somebody I know is planning on buying a place with her bf, I pointed out they'd not get the FTB stamp duty set aside because he went into a mortgage with his mum a couple of years back to help her out in buying a house she couldn't afford (he's still on it actually, so I also pointed out to her he needs to get off that too).
  • Bananamana
    Bananamana Posts: 246 Forumite
    angrypirate wrote: »
    As far as stamp duty is concerned, you are only considered a FTB if you have never been on the Land Registry before.

    its actually owned property "anywhere in the world" so not just the uk; and for the sake of clarity would include unregistered properties as well.
  • timmyt
    timmyt Posts: 1,628 Forumite
    angrypirate wrote: »
    As far as stamp duty is concerned, you are only considered a FTB if you have never been on the Land Registry before.

    not quite. you must never have owned property (or co-owned) anywhere in the world.
    My posts are just my opinions and are not offered as legal advice - though I consider them darn fine opinions none the less.:cool2:

    My bad spelling...well I rush type these opinions on my own time, so sorry, but they are free.:o
  • Kaz2904
    Kaz2904 Posts: 5,797 Forumite
    1,000 Posts Combo Breaker Mortgage-free Glee!
    OMG, does this mean that if you bought a moon plot or were bought one as a gift, you would not be eligable for the discount?
    Debt: 16/04/2007:TOTAL DEBT [strike]£92727.75[/strike] £49395.47:eek: :eek: :eek: £43332.28 repaid 100.77% of £43000 target.
    MFiT T2: Debt [STRIKE]£52856.59[/STRIKE] £6316.14 £46540.45 repaid 101.17% of £46000 target.
    2013 Target: completely clear my [STRIKE]£6316.14[/STRIKE] £0 mortgage debt. £6316.14 100% repaid.
  • NyimaR
    NyimaR Posts: 110 Forumite
    The moon is not ion Earth ergo exempt I believe
  • Chris55_2
    Chris55_2 Posts: 174 Forumite
    mynameisdave wrote: »
    Frowned or Fraudulent? Well its evading tax, so yeah - not really worth considering going to prison for £1,700

    I think going to prison is unlikely!
  • Jonbvn
    Jonbvn Posts: 5,562 Forumite
    Part of the Furniture 1,000 Posts
    Bananamana wrote: »
    its actually owned property "anywhere in the world" so not just the uk; and for the sake of clarity would include unregistered properties as well.

    How exactly could that be verified???
    In case you hadn't already worked it out - the entire global financial system is predicated on the assumption that you're an idiot:cool:
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