Hi,
I know it's been mentioned before in this forum, but I do not seem to have found a definitive answer.
I have never owned property before but holds 50% share in a French SCI that owns 2 properties. My parents benefit from the usufruct of the properties until their death.
What is my SDLT status: first time buyer, standard, or subject to the higher rate?
I have strong indication from what I've read so far that I should be OK and benefit from first time buyer relief. What should I do? Do I need to get some professional advice in writing and pass it on to HMRC? Or just go ahead without mentioning the SCI shares to HMRC?
Thanks,
V.
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