Am I a first time buyer?

[Need to know]

Hi,
a few years ago I was given a house as a gift from my mother, on which I paid Capital Gains tax. We are now looking to sell up to buy another house. Thing is I dont know if we are seen as first time buyers or would the initial process of putting our exisiting house in my name and paying the CGT mean we would not be grouped as first time buyers ?

Many Thanks

 

[bacchus]

Revenue's definition of FTB:

A first time buyer is a person who has not previously purchased or built a house or apartment anywhere in the world and who is purchasing a house or apartment for use as their principal place of residence.


So, looks like you are still a FTB.

 

[mf1]

The date of the gift is important as per the following extract from Revenue:

Can I avail of first time buyer relief if I previously received a gift of a house?

The relief can be claimed where the gift of the house was received prior to 22 June 2000 (or prior to 27 June 2000 in the case of part of a house). A gift received after the above date(s) is regarded as a prior purchase and would preclude a person from claiming the relief.

mf