FTB Status?

[tvman]

Hi all
I am looking into buying a property with my partner. She is a first time buyer. I'm not sure about me status. I have never bought a property but 4 years ago my parents gifted me some farmland (not paid for). Does this affect my FTB status?

tvman

 

[mf1]

This is from Revenue SD10A and you appear to be still a FTB.


"First Time Buyer
A First Time Buyer is a person, (or, where there is more than one buyer, each of such persons):
• who has not on any previous occasion, either individually or jointly, purchased or built on his/her own behalf a house (in Ireland or abroad) and
• where the property purchased is occupied by the purchaser, or a person on his behalf, as his/her only or principal place of residence and no rent other than under rent a room arrangements is obtained from the property for a period of 2 years from the date of the purchase.
Clawback provisions apply to this relief."


mf

 

[Mrs Vimes]

Yes, according to Revenue:

Who is a first time buyer?

A first time buyer is a person, (or, where there is more than one buyer, each of such persons):
who has not on any previous occasion, either individually or jointly, purchased or built on his/her own behalf a house (in Ireland or abroad)


Sybil

 

[tvman]

Thanks folks, looks pretty clear cut so.

tvman