How does HMRC know I'm a FTB?

Davesnave

HampshireH wrote: »

This is a wind up surely:rotfl:

Many people believe that HMRC only keep records going back 6 years, so its surely reasonable question to pose?

agrinnall

Davesnave wrote: »

Many people believe that HMRC only keep records going back 6 years, so its surely reasonable question to pose?

I suspect they keep some records for much longer. But even if they didn't, we know that the Land Registry has records (admittedly incomplete) going back much, much longer.

kinger101

G_M wrote: »

Not sure it's theft, but that's a whole different argument...

https://www.lexisnexis.com/uk/lexispsl/corporatecrime/document/391421/55KB-9471-F188-N1BB-00000-00/Tax%20evasion%20offences%E2%80%94overview

kinger101

agrinnall wrote: »

I suspect they keep some records for much longer. But even if they didn't, we know that the Land Registry has records (admittedly incomplete) going back much, much longer.

The six year limit is more to do with the TMA, and it does not apply where evasion has occurred.

ileven1225

I totally don’t agree with your original intention that trying to hide info from HMRC. However, if you don’t own or partially own any property or land for more than three years, I think you might be OK to claim you are ‘ first time buyer’. You need to talk to HMRC to confirm though

marliepanda

ileven1225 wrote: »

I totally don’t agree with your original intention that trying to hide info from HMRC. However, if you don’t own or partially own any property or land for more than three years, I think you might be OK to claim you are ‘ first time buyer’. You need to talk to HMRC to confirm though

Source for this?

It’s not true for stamp duty which is One of HMRCS main involvements with House buying. What do you think will benefit the OP from this three year rule...

davidmcn

ileven1225 wrote: »

if you don’t own or partially own any property or land for more than three years, I think you might be OK to claim you are ‘ first time buyer’.

I think you've got confused with something completely different. Here, FTB means you've never owned anything anywhere on the planet.

kingstreet

ileven1225 wrote: »

I totally don’t agree with your original intention that trying to hide info from HMRC. However, if you don’t own or partially own any property or land for more than three years, I think you might be OK to claim you are ‘ first time buyer’. You need to talk to HMRC to confirm though

You are confusing this with Nationwide's FTB eligibility status;-

To qualify as a first time buyer your client mustn’t have held a mortgage in the last three years (this includes UK and non UK mortgages).

All applicants to the mortgage need to be first time buyers to qualify for first time buyerproducts/cashback.

shortcrust

theartfullodger wrote: »

What happened to those fundamental British traditions of decency & fair-play?

Hear hear. Lately the forum's been full of threads by people hoping to screw the system to their advantage (and our disadvantage!) in one way or another.