I am resident outside of England and Wales but am a UK citizen.
I am looking to buy my first property (anywhere in the world) with a view to renting the property out. The mortgage will be a buy to let mortgage.
My understanding is that the buy to let stamp duty rates do not apply to me because I have never owned a property before. I understand that the normal stamp duty rates should apply to me.
As there is currently a stamp duty holiday for normal stamp duty rates (up to purchases of GBP 500,000) my understanding is that I will be able to benefit from the stamp duty holiday.
Please can you confirm if you agree with this analysis.
Thanks in advance!
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