First Time Buyers Status

C

cologneboy

Registered User
Messages
55
Hi there,

We're in a position where we signed contracts for our house in Ireland two years ago and paid the 10% deposit.
Due to a dispute with the developer we have not drawn down the mortgage monies from our lender, legal proceedings pending.
We're now in the process of buying an investment property in Cologne.
This sale could go through within the next two weeks, probably before the difficulties with the developer are resolved.

Would we lose our first time buyer status in Ireland if we go ahead with the German property or is the signing of the contracts sufficient to guarantee us the status on the Irish property?

Thanks for your help, much appreciated!
 
cologneboy said:
Would we lose our first time buyer status in Ireland if we go ahead with the German property
Click to expand...
I suspect that you will since the German property deal will be the first to close.
 
I did suspect that myself, therefore again, does somebody know what the position on this one is?

Thanks again.
 
You may need independent, professional advice no matter what is said here or what Revenue tell you.
 
You must log in or register to reply here.
Back
Top