Is stamp duty payable on a 50% house buy-out

[hutch]

My cousin is buying me out of a house we both purchased 8 years ago. It is value at approx €300 k. Mortgage outstanding is €145 k. I intend to buy a larger house elsewhere.

Is he liable to pay stamp duty on this ? Both our names are on the deeds.
We were both first time buyers when we purchased the house.



Surely no stamp duty is applicable when buying your own house ?

Thanks for the comments!

 

[mf1]

From Revenue :


"What is the position where a person, who had obtained first time buyer relief on the joint purchase of a house with another first time buyer, subsequently acquires the other joint owners interest in the house? "

A person who obtained first time buyer relief on the purchase of an interest in a house would not be precluded from obtaining first time buyer relief on a subsequent purchase of another interest in the same house provided that person has not purchased another house or part of another house in the intervening period.

mf