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New Lifetime ISA
Alicat_uk
Posts: 3 Newbie
I'm new to Forums so please forgive any errors.
The new lifetime ISA as I understand is for 1st time buyers or pensions. My son is talking about opening one of these accounts in April as a saving plan for buying a property. However, he is a trustee (along with me) on his deceased grandmother's flat. Would that make him ineligible? Many thanks
Alicat
The new lifetime ISA as I understand is for 1st time buyers or pensions. My son is talking about opening one of these accounts in April as a saving plan for buying a property. However, he is a trustee (along with me) on his deceased grandmother's flat. Would that make him ineligible? Many thanks
Alicat
0
Comments
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Being a trustee would not be a problem. Being a beneficiary might be.0
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So, do you mean he would not be treated as a 1st time buyer as he has inherited an interest in the flat? Thank you0
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Many thanks x0
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