Exemption B as it appears in the Revenue Guide
"Properties purchased by a first time buyer between 1 January 2013 and 31 December 2013 are exempt until the end of 2016 if used as the person’s sole or main residence."
If you read this literally property tax is not due on properties that are sold to first time buyers in the period stated. As the seller of such a property I am the liable person but I am selling it to a first time buyer. So while I have to pay this tax there also appears to be grounds for claiming back this tax when the sale goes through (after 1st May).
I fully expect this is not the case and that the exemption is just poorly worded. Does a better wording exist that clarifies the situation?
"Properties purchased by a first time buyer between 1 January 2013 and 31 December 2013 are exempt until the end of 2016 if used as the person’s sole or main residence."
If you read this literally property tax is not due on properties that are sold to first time buyers in the period stated. As the seller of such a property I am the liable person but I am selling it to a first time buyer. So while I have to pay this tax there also appears to be grounds for claiming back this tax when the sale goes through (after 1st May).
I fully expect this is not the case and that the exemption is just poorly worded. Does a better wording exist that clarifies the situation?