Hi Folks,
I just got a letter from RC saying revenue records show I had bought a house and may be exempt.
Was a bit surprised as my home has been my principal primary residence for a good few years now and my only property.
Seperated a few years ago and we divided two properties between us. No stamp duty was payable as it was a transfer on seperation.
Turns out title change was only registered to me in my name only by solicitor in 2013. Previously property has been in both our names. Can't find anything to cover this situation and from looking at previous posts it appears legislation was poorly drafted so it may cover my situation.
Anybody know whether this is a loop hole I can legally avail of as in tax avoidance rather than tax evasion.
It would be nice if for once seperation actually saved me money rather than made me considerably poorer!
Thanks
PS will donate first years saving to askaboutmoney if advice shows I can avail of saving.
I just got a letter from RC saying revenue records show I had bought a house and may be exempt.
Was a bit surprised as my home has been my principal primary residence for a good few years now and my only property.
Seperated a few years ago and we divided two properties between us. No stamp duty was payable as it was a transfer on seperation.
Turns out title change was only registered to me in my name only by solicitor in 2013. Previously property has been in both our names. Can't find anything to cover this situation and from looking at previous posts it appears legislation was poorly drafted so it may cover my situation.
Anybody know whether this is a loop hole I can legally avail of as in tax avoidance rather than tax evasion.
It would be nice if for once seperation actually saved me money rather than made me considerably poorer!
Thanks
PS will donate first years saving to askaboutmoney if advice shows I can avail of saving.