Buying 'first house' to rent - extra 3% stamp duty or not?

My son, who doesn't own a house, is buying a 'buy to let' property.
This will thus be his first and only property.
My reading of the new rules about the extra 3% stamp duty is that it
won't apply to my son's purchase. Am I right?
Reply to
cl
Yes. See eg the official guidance
"If, at the end of the day of the transaction, an individual owns 2 or more properties and has not replaced their main residence, the higher rates will apply."
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Reply to
Robin

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