It is possible however most schools will try to milk another year out of you. I went to Nova and we had one student successfully transfer directly into 2nd year after completing one year at her school (not sure where she went). She needed some extra tutoring because her school didn't teach subjects at the same time.
Inversely we also had a student transfer out of Nova and directly into 2nd year at another school.
Also a few students that went to Nova transferred to Puerto Rico but those students typically repeated a year. This situation had more to do with their academic standing at Nova than any other factor though.