Updated over 9 years ago on .
First time home buyer credit question
A few questions on first time home buyer credits:
I am looking to invest with a business partner and we have entertained establishing a business partnership and corp to purchase properties through.
When purchasing a property for the first time - does one qualify for the first time home buyer credit if you are doing so through an established business entity? And then, if there are 2 partners, how does the home buyer credit apply?
The other alternative is to each buy our own individual multi-unit, and rent out the additional unit of the location. Can we then after the home buyer credit has applied, establish a business partnership and put the units under the business partnership?
Does anyone have experience of being in this situation, or knowledge of what applies here? Many thanks for your comments!