buy to let and first home stamp duty relief

[hodgre]

Looking at buying a few houses each around 110k specifically as buy to let properties. If I then buy a first home as my main residence (home) would I still be eligible for first time buyers stamp duty exemption (property price c300k)?

[stabbed rat]

hodgre said:

Looking at buying a few houses each around 110k specifically as buy to let properties. If I then buy a first home as my main residence (home) would I still be eligible for first time buyers stamp duty exemption (property price c300k)?

If you are buying them in your name then no

[Jobbo]

No, you won't be a first time buyer (you already own a property, even though you don't live in it) and you'll pay the 3% SDLT surcharge too because you're buying a second property.

[hodgre]

thanks for replies
will change order of buying strategy

[22s]

hodgre said:

thanks for replies
will change order of buying strategy

Or buy the properties in a ltd co and get all the other tax advantages that go with that... Then buy the main residence when you feel like it.

[Croutons]

22s said:

Or buy the properties in a ltd co and get all the other additional costs and difficulties borrowing as well as the tax advantages that go with that... Then buy the main residence when you feel like it.

FTFY. It's hardly one-way traffic.