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The time now is 05/17/08 - 12:57

What I need to know about stamp duty for first time buyers?


RealCool.BIZ Forum Index -> Tax -> Transfer tax (Stamp Duty)

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wilow
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Joined: 13 Mar 2005
Posts: 7



PostPosted: 10/12/07 - 07:51    Post subject: Reply with quote

Hello everyone. I am a single woman looking to buy very soon. Of course I want to know everything that I need to around buying for first time buyers before I go ahead. Stamp duty for instance... What do I need to know? Are there any exemptions for first time buyers?
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davon
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Joined: 19 Jun 2006
Posts: 3



PostPosted: 11/16/07 - 22:48    Post subject: Reply with quote

Indeed there are! Whoever told you this was right. First time buyers are exempt from Stamp Duty if they are buying a property of between 30sq m and 125 sq m. This is set out in the Stamp Duties Consolidation Act 1999 - have a look at this to check the small print.
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