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Posted Wed, 25 Sep 2024 07:51:18 GMT by EMH2024
I live in London and am considering buying a plot of land in Scotland. It has a residential dwelling on it but I would not be buying the dwelling, only the land. I am struggling to find out whether or not this would disqualify me from First Time Buyer status in future (eg for taxes & Help to Buy ISA).
Posted Fri, 04 Oct 2024 07:11:54 GMT by HMRC Admin 25
Hi EMH2024,
We can not comment on the qualifying conditions under the LISA, as all we deal with is the taxation of any investments.
If the investment is a LISA, then there would be no tax consequences for any interest etc.
We also can not give you any financial advice.
All we can do is point you to the guidance here:
Lifetime ISA withdrawals for a first time residential purchase
And suggest you conract your Lifetime ISA Provider. 
Thank you. 
Posted Fri, 04 Oct 2024 07:51:51 GMT by EMH2024
This does not answer my question. I am not asking HMRC for financial advice. I am finding it very frustrating that HMRC seems to be unable to clarify its own tax rules either on this forum or by phone. My question is: in the situation described above, would HMRC see me as a first time buyer for tax purposes? Yes or No?
Posted Wed, 09 Oct 2024 20:19:58 GMT by EMH2024
Hi there, it's been a couple of weeks now and still no answer to my question. I also called HMRC, and the person I spoke to didn't know the answer but said I could try sending a physical letter by post to a technical team. I thought maybe that technical team might be able to advise through this forum. I am not sure where to go next. Is there somewhere else that HMRC can point me to for advice on tax?
Posted Fri, 11 Oct 2024 14:47:05 GMT by HMRC Admin 13 Response
Hi EMH2024
This answer is in respect to your post made on 04 October 2024.
As previously advised we cannot provide financial advice or tax planning. This falls into that category.
We cannot therefore answer your question.  
Check with your provider or seek financial advice.
Guidance is available at Buying and owning a property
Thank you

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