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Where Taxpayers and Advisers Meet

UK firs time buyers w/ property abroad?

hanz123
Posts: 1
Joined: Sat Apr 20, 2019 3:48 pm

UK firs time buyers w/ property abroad?

Postby hanz123 » Sat Apr 20, 2019 3:56 pm

Hi, we would like to buy our first home in the UK. About 7 years ago my father transferred his house in Dubai into my name. He's continued to live in it and I've always been living in the UK since.

My question is twofold, are we considered first time buyers (we are married couple)?

And if not, is it a really bad idea to lie about it? The house is mortgage free and in Kuwait, so there is no reason for anyone in the UK to ever find out about it. Also, I don't live in the house..

Thanks for your advice.

AGoodman
Posts: 805
Joined: Fri May 16, 2014 3:47 pm

Re: UK firs time buyers w/ property abroad?

Postby AGoodman » Wed Apr 24, 2019 6:07 pm

No, you are likely disqualified as a first time buyer and you are probably also in the higher rates category as the buyer of an additional property.

And the tax professionals contributing to this board generally consider tax fraud to be a bad.

AnthonyR
Posts: 268
Joined: Wed Feb 08, 2017 2:33 pm

Re: UK firs time buyers w/ property abroad?

Postby AnthonyR » Fri Apr 26, 2019 9:22 am

I don't know... fraud enquiries generate pretty good fees...
Anthony Rogers LLB CTA TEP
Fusion Partners LLP
anthony@fusionpartners.co.uk


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