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stamp duty ?

  • 12-06-2006 5:39am
    #1
    dubtom
    Registered Users, Registered Users 2 Posts: 3,084 ✭✭✭


    At a guess I have between 120-150k equity on my home. I will be getting married in september and am pondering the idea of buying a cheapish property as a holiday home, I would like something that needs renovation so maybe around the 150-200K mark or less. My question is if the property was bought in my soon to be wifes name, who would be a first tiime buyer,would stamp duty be payable after we're married or does the fact that I'm not a firsty automatically affect her status.


Comments

  • #2
    utopian
    Closed Accounts Posts: 139 ✭✭utopian


    dubtom wrote:
    At a guess I have between 120-150k equity on my home. I will be getting married in september and am pondering the idea of buying a cheapish property as a holiday home, I would like something that needs renovation so maybe around the 150-200K mark or less. My question is if the property was bought in my soon to be wifes name, who would be a first tiime buyer,would stamp duty be payable after we're married or does the fact that I'm not a firsty automatically affect her status.

    Would you not need to gift her the money in that case, with consequent tax liabilities?


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