Posted on: 02nd Feb, 2011 07:41 pm
do I need to pay my first time home buyer credit back? I didnt gain anything from this. I paid the taxes up to date and moved on.
Hi murray!
Welcome to forums!
If you leave the property within 3 years of purchase, then you may be liable for paying back the tax credit. Nevertheless, you should contact your tax adviser and take his opinion in this regard.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
If you leave the property within 3 years of purchase, then you may be liable for paying back the tax credit. Nevertheless, you should contact your tax adviser and take his opinion in this regard.
Feel free to ask if you've further queries.
Sussane
I agree with above.
Be prepared to pay this back.
There was 2 different credits.... but both had a payback rule. Do you know which one you got? What tax yr?
Be prepared to pay this back.
There was 2 different credits.... but both had a payback rule. Do you know which one you got? What tax yr?