Stamp duty query

clones1980

Hi,

Just looking for some info in anyone knows

Whats the story with stamp duty in a case where say two people buy a house together when one already owns a house. Do you ie pay half the stamp duty or is there away around it.

Duckjob

No, if you're buying as a couple/group, you're only considered a first time buyer if both parties hold that status.

Pat Mustard

Don't have to be first time buyers. Can be owner occupiers.

If it is a couple moving into a new house as owner-occupiers, and if one of the couple owns a house already, that won't affect owner-occupier status, so the couple could claim owner occupier relief and avoid stamp duty.

clones1980

The Mustard wrote: »

Don't have to be first time buyers. Can be owner occupiers.

If it is a couple moving into a new house as owner-occupiers, and if one of the couple owns a house already, that won't affect owner-occupier status, so the couple could claim owner occupier relief and avoid stamp duty.

Thanks for your replies. Whats the case then with a second hand house? Does that only apply to new house.

Duckjob

AFAIK for 2nd hand properties, the only distinction is whether you're a FTB or not. ie. no difference between owner occupier/investor.