First Time Buyers?

Ponster

I'm currently married and living in Paris and in about 2 years will have paid off the morgage on our flat that we bought in 2001 for €80,000 (1 bedroom, 4000sq feet). We had it valued last month at €200,000


There's a good chance we'll sell up in the next 2 years and in the case that we move to Ireland to buy a house would we be considered first-time buyers or not?

mikemac

Nope and rightly so!

Stroll over to www.revenue.ie

who has not on any previous occasion, either individually or jointly, purchased or built on his/her own behalf a house (in Ireland or abroad) and

where the property purchased is occupied by the purchaser, or a person on his behalf, as his/her only or principal place of residence and

where no rent, other than rent under the rent-a-room-scheme, is derived from the property for five years after the date of the current purchase.

Ponster

Cheers !

jetski

Sure you can well afford the stamp duty :P

anotherlostie

4000sqft?! For 80grand in Paris?!

Ponster

Weird. I was sure I had typed 400 and not 4000.

4000 would be a bit silly

BendiBus

Ponster wrote: »

Weird. I was sure I had typed 400 and not 4000.

4000 would be a bit silly

In 2 years you might be able to buy a 4000 sq ft property in Dublin for your 200K

jmayo

Ponster wrote: »

I'm currently married and living in Paris and in about 2 years will have paid off the morgage on our flat that we bought in 2001 for €80,000 (1 bedroom, 4000sq feet). We had it valued last month at €200,000


There's a good chance we'll sell up in the next 2 years and in the case that we move to Ireland to buy a house would we be considered first-time buyers or not?

Best advise I would give is Stay in Paris.