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Topic: First time buyer in the UK?  (Read 2252 times)

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First time buyer in the UK?
« on: March 20, 2022, 07:49:41 PM »
Hello all, this is almost certainly a silly question but pooling all resources anyway and really appreciate your answers!

If my UKC husband owned a home in the US but sold it and currently does not own, or has ever owned property in the UK, would he be considered a first time buyer (eligible for the first time buyer LBTT relief)? I can't find clarification for this specific circumstance and figured you guys will have encountered it.

Many thanks in advance! 🙂
« Last Edit: March 20, 2022, 08:40:57 PM by Danii »
FLR (M) Timeline:
Submitted Application Online: 14/10/20
Biometrics Appointment/Document Scanned: 13/11/20
Received Decision: 8/3/21 - APPROVED

ILR Timeline:
Submitted Application Online: 30/08/23
Biometrics Appointment/Documents Scanned: 29/09/23
Received Decision: 24/11/23 APPROVED


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Re: First time buyer in the UK?
« Reply #1 on: March 20, 2022, 08:36:19 PM »
Hello all, this is almost certainly a silly question but pooling all resources anyway and really appreciate your answers!

If my UKC husband owned a home in the US but sold it and currently do not own, or have ever owned property in the UK, would he be considered a first time buyer (eligible for the first time buyer LBTT relief)? I can't find clarification for this specific circumstance and figured you guys will have encountered it.

Many thanks in advance! 🙂

Worldwide ownership is counted unfortunately.

Quote
A first-time buyer means a person who does not own nor has previously owned a dwelling in Scotland, the rest of the UK or the rest of the world.


https://www.revenue.scot/taxes/land-buildings-transaction-tax/lbtt-legislation-guidance/lbtt3001-exemptions-reliefs/lbtt3010-tax-reliefs/lbtt3048-first-time-buyer-relief


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Re: First time buyer in the UK?
« Reply #2 on: March 20, 2022, 08:42:43 PM »
Worldwide ownership is counted unfortunately.

https://www.revenue.scot/taxes/land-buildings-transaction-tax/lbtt-legislation-guidance/lbtt3001-exemptions-reliefs/lbtt3010-tax-reliefs/lbtt3048-first-time-buyer-relief

Ah rubbish. As suspected ☹️ Oh well, fortunately not looking at grand properties at least lol.

Thanks so much for the reply! 😊
FLR (M) Timeline:
Submitted Application Online: 14/10/20
Biometrics Appointment/Document Scanned: 13/11/20
Received Decision: 8/3/21 - APPROVED

ILR Timeline:
Submitted Application Online: 30/08/23
Biometrics Appointment/Documents Scanned: 29/09/23
Received Decision: 24/11/23 APPROVED


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