Separation, Can i be now considered FTB??

[Husssy]

In the process of separation from my wife,our previous home was purchased in both our names, house is now for sale. with my share of proceeds can i now purchases my owm home in my name under first time buyer??

 

[mf1]

Not in these circumstances. If one person remains in the original family home, the other moves out and retains no interest and this is done pursuant to a separation/divorce, the person moving out will be regarded as a ftb in the case of a first acquisition thereafter.

Its in Form SD10A - available on Revenue website.

mf

 

[danash]

What if you move out into another property you have previously rented out.....could you buy a FURTHER property as FTB or is the concession designed to get you into a home ?

 

[davidoco]

danash If the house you "previously rented out" was purchased as an investment property you may be entitled to FTB relief according to SD10A if you seperate under a deed/court etc but it would be irrelevant in your case as your PPR would be the "previously rented out" property. FTB relief is only available for PPRs.

I note you may be/are speaking hypothetically.

 

[danash]

This is a reality - I am living in the former investment property - I havent claimed any tax reliefs yet on it as we are still dealing with the minutiae. We do have an agreement and it has been my PPR for a year now. The real benefit of FTB is in the stamp duty exemptions - I wouldn't mind picking up an other property at reduced ( or no) stamp duty rates.