Rebecca Aldridge
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RE: Lifetime ISA for someone with a property owned by a company
Thank you. Regarding the second part of my question, what is the position for someone using a Lifetime ISA to purchase their first home when they are shareholders of a company that owns a buy to let property? -
Lifetime ISA for someone with a property owned by a company
A family has set up a limited company, with parents having 50% of the shares and the two children 25% each. The company owns 3 residential properties as an investment. Does the existence of that company mean the children are no longer first time buyers from the perspective of SDLT and using of a Lifetime ISA? Or is the company irrelevant? Many thanks