{"id":102321,"date":"2018-12-17T14:00:05","date_gmt":"2018-12-17T07:00:05","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-i-count-as-a-first-time-buyer-if-i-inherit-a-share-of-a-home-abroad\/"},"modified":"2018-12-17T14:07:46","modified_gmt":"2018-12-17T07:07:46","slug":"do-i-count-as-a-first-time-buyer-if-i-inherit-a-share-of-a-home-abroad","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-i-count-as-a-first-time-buyer-if-i-inherit-a-share-of-a-home-abroad\/","title":{"rendered":"Do I count as a first-time buyer if I inherit a share of a home abroad?"},"content":{"rendered":"


\nI\u2019m worried I\u2019ll lose my bonuses in a help-to-buy Isa and\/or relief from stamp duty land tax Q My partner and I are looking to buying our first home in London together so have both been saving in help-to-buy Isa accounts. However, I am soon inheriting soon a share of a property in Finland. I understand that this apparently ruins my chances of benefiting from any first-time buyer advantages here in UK as I am not allowed to own or have owned any other property beforehand, even overseas.After a lot of research, I still haven\u2019t quite managed to find a confirming answer if it makes any difference what the value or owned percentage of the property to be inherited is. In some cases I have understood that the higher stamp duty charges can be negotiated, but I haven\u2019t quite found any guarantees about this either. In my case I will be inheriting 50% of a property where my share is worth less than \u00a325,000 \u2013 I suppose no matter how low in value or how small percentage I\u2019d own, it wouldn\u2019t make a difference? I am mainly asking, as of course for the papers we can put down just 49% as my share, should this make a difference as it has a massive difference in the cost of buying my first home here in UK. Continue reading…
\n
\nSource : theguardian.com
\nRead more…Do I count as a first-time buyer if I inherit a share of a home abroad?<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

I\u2019m worried I\u2019ll lose my bonuses in a help-to-buy Isa and\/or relief from stamp duty...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-102321","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-qCl","jetpack-related-posts":[{"id":111004,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/do-i-count-as-a-first-time-buyer-if-my-wife-already-owns-a-home\/","url_meta":{"origin":102321,"position":0},"title":"Do I count as a first-time buyer if my wife already owns a home?","date":"September 23, 2019","format":false,"excerpt":"\r I\u2019m wondering if I\u2019m eligible for a help-to-buy Isa and stamp duty relief Q My wife and I are both about 50. When we met 20-plus years ago she had already bought a house which I moved into. We have decided now that we want to move and have\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114155,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/should-i-sign-over-inherited-property-to-my-daughters\/","url_meta":{"origin":102321,"position":1},"title":"Should I sign over inherited property to my daughters?","date":"February 10, 2020","format":false,"excerpt":"\r I\u2019m in doubt because one of them has a help to buy Isa and this may disqualify her as a first-time buyerQ I am in a dilemma as to what to do with an inherited property. My first thoughts were to sign the property jointly over to my two\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":107726,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-own-a-property-can-i-get-a-deal-if-i-buy-another-with-a-friend\/","url_meta":{"origin":102321,"position":2},"title":"I own a property \u2013\u00a0can I get a deal if I buy another with a friend?","date":"June 3, 2019","format":false,"excerpt":"\r He\u2019s a first-time buyer and we\u2019re hoping to get a better mortgage and pay less stamp dutyQ I am really hoping you could give me some advice. I am currently based in London throughout the week and spend most weekends in Nottingham where I recently bought a property as\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":127651,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/if-i-marry-can-hmrc-claw-back-stamp-duty-on-the-buy-to-let-property-ive-bought\/","url_meta":{"origin":102321,"position":3},"title":"If I marry can HMRC claw back stamp duty on the buy-to-let property I\u2019ve bought?","date":"July 11, 2022","format":false,"excerpt":"\r I made the purchase recently in my name, while my partner has owned a property for five yearsQ My partner and I are not married. He has owned one property for five years. I am neither the legal nor the beneficial owner of that property, although in reality we\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":95941,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/my-partner-is-a-first-time-buyer-but-i-am-not-do-we-have-to-pay-stamp-duty\/","url_meta":{"origin":102321,"position":4},"title":"My partner is a first-time buyer but I am not. Do we have to pay stamp duty?","date":"August 13, 2018","format":false,"excerpt":"\r I want to buy a home with my fiancee, but already own 20% of another property. Can we benefit from the SDLT relief available to first-time buyers? Q I have a 20% stake in a house I jointly own with my brother. However, I am looking to buy a\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":114475,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/does-being-married-stop-me-being-classed-as-a-first-time-buyer\/","url_meta":{"origin":102321,"position":5},"title":"Does being married stop me being classed as a first-time buyer?","date":"February 24, 2020","format":false,"excerpt":"\r I\u2019ve never owned a property, but we\u2019re living in a house my wife bought several years agoQ My wife and I live in a house my wife bought several years ago before we were married. I have never owned a property. If I were to secure a mortgage solely\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102321"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=102321"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/102321\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=102321"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=102321"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=102321"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}