First time buyer relief: what does it mean and are we eligible?

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First time buyer relief: what does it mean and are we eligible?
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My husband bought a flat with his sister 10 years ago, but she bought him out three years later. Are we still eligible for first-time buyer relief - and what does it mean?

Question: We got married in November and we are renting a flat. We plan to buy a house next year. About 10 years ago my husband owned a flat with his sister, which they were given by their parents. His sister bought him out after three years or so. We have heard of first-time buyer relief but don’t really know how it works. Can you explain — and can we claim it?

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