Some things to bear in mind when buying or selling property.

What is a first time buyer?

The term FIRST TIME BUYER is defined in S.92B of the Stamp Duties Consolidation Act, 1999 (which was inserted by the Finance (No.2) Act, 2000. The definition includes a person who has not on any previous occasion, either individually or jointly, purchased, or built on his or her own behalf a house in Ireland or abroad, Where there is more than one purchase, each must come within the scope of the definition in order to avail of the reduced rates. The definition was extended by the Finance (No.2) Act, 2000 to include a spouse to a marriage the subject of a decree of judicial separation, or whose marriage had been dissolved by a decree of divorce.