We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Stamp Duty payment
lifeinatrampsvest
Posts: 1 Newbie
Hi,
I have found stamp duty information online but wanted a bit more clarification.
advice please...
I purchased a property in September 2010 by myself this was then sold in June 2017.
I didn’t purchase another property. I’m currently looking for a new property to purchase this Summer. Am I determined to be a first time buyer? Or am I past the 3 year period of owning a property?
Hopefully someone can clarify.
I have found stamp duty information online but wanted a bit more clarification.
advice please...
I purchased a property in September 2010 by myself this was then sold in June 2017.
I didn’t purchase another property. I’m currently looking for a new property to purchase this Summer. Am I determined to be a first time buyer? Or am I past the 3 year period of owning a property?
Hopefully someone can clarify.
Thanks
0
Comments
-
30 seond google:A first time buyer is defined as an individual or individuals who have never owned an interest in a residential property in the United Kingdom or anywhere else in the world and who intends to occupy the property as their main residence.
5 -
It doesn't matter how determined you are to be a first time buyer, it's an impossible task. This is not the first time you've bought a property, so no.lifeinatrampsvest said:I purchased a property in September 2010 by myself this was then sold in June 2017.
I’m currently looking for a new property to purchase this Summer. Am I determined to be a first time buyer?5 -
I'd argue that if you only ever bought as part of a couple, a newly single person should be considered a first time buyer. But we're not. A bit like virginity : )1
-
lifeinatrampsvest said:Am I determined to be a first time buyer?
I purchased a property in September 2010 by myself this was then sold in June 2017.
Clearly not a first time buyer.lifeinatrampsvest said:Or am I past the 3 year period of owning a property?
The 3-year period thing is for additional stamp duty for second homes. You won't have to pay this.2 -
as you mentioned it seems you are not a first time buyer.
still if you need further clarification check outhttps://www.targetaccounting.co.uk/blog/first-time-buyer-stamp-duty-sdlt-relief/-2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards