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Renting out house

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  • 10-04-2008 2:34pm
    #1
    andreac
    Registered Users Posts: 8,000 ✭✭✭


    I bought my house last yr and didnt pay stamp duty and it was 100% mortgage. how long is it before you can rent it out? i know there is some clause that you have to wait so many yrs before you can rent it out.
    thanks


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    #2
    starky
    Closed Accounts Posts: 103 ✭✭starky


    andreac wrote: »
    I bought my house last yr and didnt pay stamp duty and it was 100% mortgage. how long is it before you can rent it out? i know there is some clause that you have to wait so many yrs before you can rent it out.
    thanks

    I think you have to wait two years to avoid paying it


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    #3
    andreac
    Registered Users Posts: 8,000 ✭✭✭andreac


    thanks for that


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    #4
    YES Finance
    Closed Accounts Posts: 3 ✭YES Finance


    The exemption from stamp duty for first-time house buyers and buyers of certain new homes is currently clawed back if the purchaser rents out the home within 5 years of date of purchase. This clawback period is being reduced to 2 years for all deeds of transfer executed on or after 5 January 2007.

    For deeds of transfer executed before 5 December 2007, if that house or apartment is rented out on or after 5 December 2007, it will not involve a claw-back of relief where this happens in the third, fourth or fifth year of ownership.


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