Who defines Owner-Occupier?

R

ragazza

Guest
I live abroad and am thinking of buying a house, with a view to returning to Ireland later this year and using the house as my primary residence.

I rang the Citizans Advice Bureau, requesting the definition of "Owner Occcupier", since I may own the house for a few months before occupying it. The CAB said that discretion could be used regarding whether I am an owner-occupier in this case.

My question is : at whose discretion is this - the mortgage provider, the government, the tax office etc?


(Note : I am a first time buyer, and would not plan to rent out the house for the few months while I am still abroad).
 
Revenue define it.

On the face of it, you would qualify as a first time buyer and owner occupier. Perhaps a difficulty might arise if in fact your circumstances changed after purchase ( i.e. you do not return but decide to rent it out) which might lead to a clawback which might affect your decision to go ahead.

Get the crystal ball out.


mf
 
I presume the reason this is asked is because of tax consequences of some sort or other.

Drop into to your tax office;
Assume no knowledge;
and you may find they will ease your fears.
 
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