J
Jonc
Guest
I am in the process of relocating from the UK to Ireland. I am selling my house in the Uk and looking to purchase in Ireland, will I be classed as a first time buyer?
I thought that non FTB's could receive FTB rates of owner occupier mortgage interest relief for the balance of the 7 years that remains from when they first became property owners? This was something that came as a surprise to me in a recent thread but seems to be legitimate. Check this out of you do buy here.
Unfortunately not, you'll be treated in the same way as an Irish person who already has a property abroad. In other words, once you've bought anywhere you're a second time buyer. Good luck with the move!
One might well get away with lying to Revenue. Or not. I don't share the optimism of anyone who thinks it's worth taking the chance. Revenue may find out all kinds of things from many different sources. Much of it is happenchance.
mf
IR = Inland Revenue = UK tax authorities. Are you sure that's what you mean?
As for how the Irish Revenue Commissioners would know about previous home ownership they ask this explicitly on the owner occupier mortgage interest tax relief application form. Filing a false declaration to Revenue is a very bad idea.