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First time buyer - stamp duty question Residential vs. BTL
tasticz
Posts: 774 Forumite
Hi All,
I do not have a property in my name.
If I buy a property worth £500,000 as residential in my name solely then my stamp duty is £10,000, however, if I buy a BTL property as first time buyer then my stamp duty is £15,000.
Is this understanding correct?
Thanks in advance
I do not have a property in my name.
If I buy a property worth £500,000 as residential in my name solely then my stamp duty is £10,000, however, if I buy a BTL property as first time buyer then my stamp duty is £15,000.
Is this understanding correct?
Thanks in advance
0
Comments
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Yes your numbers are correct.If your first property purchase is a BTL you do not get FTB SDLT relief.2
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First time buyer for a £500,000 property will be £10k
BTL stamp duty will be £15k
Buy-to-let stamp duty: rates and calculator - Which?
1
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