Hi everyone…love the discussions
I purchased an investment property last year that was already rented out to a tenant. I was told by a solicitor later that if I had of put on the contract “On going concern” I would not have had to pay stamp duty..as it was already tenanted…I thought this a little bizzare..can anyone shed some light on this?
thanks
Haven’t heard this one before Merlo. I’d be interested to see responses from others. Sounds too good to be true.
Are you sure he wasn’t talking about the stamp duty on the lease? If the lease is for an extended period the SD can be quite a bit depending where you are.
Don’t know of any way getting around SD on the sale of a property etc. Someone has to pay and it generally the purchaser.
Later……..
Yes, please guys,
Someone answer this question one way or the other!
Keep smiling,
Sue [
]Be careful not step on the flowers when you’re looking at the stars
‘ll go back to the source of information and check exactly what he means….sounds to good to be true…doesn’t it….Merlo
[/quote]
]The topic ‘Buying an Investment Property already rented out’ is closed to new replies.
