Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
I thought, this will be right place to ask this particular question, so here it goes:
My son has just turned 18 and I am thinking of buying a property for him on Buy To Let basis whilst he is in full time education.
I am aware that, 3% surcharge is not applicable as long as this is his first purchase regardless of the fact it is residential property or Buy To Let?
However, I am not sure, whether first £300K exemption (which was recently announced in budget) will also apply in his circumstances as it would be his first purchase albeit Buy To Let?
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