First time buyer

[majacvetnic@hotmail.com]

Hello,

I own a flat in a student halls of residence. I am thinking of gifting it to my adult daughter. She is currently renting but will in a couple of years buy her first property.

Would the fact that at the point of purchase she owns a flat in a student hall of residence into which she cannot move affect her first time buyer status in regard of Stamp Duty.

Many thanks.

[AGoodman]

Yes, if it is a direct interest in the property then she would lose her first time buyer status AND have to pay the 5% premium for an additional property.

The fact she can't live there is irrelevant.