October2019
Registered User
- Messages
- 125
Hi everyone, I have a question here about removing a name from a mortgage. My brother and I bought a house in 2005. We have since got married and moved on. I want to remove my name from the mortgage and replace it with his wife. There is equity in the house that I am willing to waive. My question is are there any tax implications here apart from stamp duty? Am I gifting my share of the equity to his wife? He cannot get the mortgage on his own. I’m aware that a new mortgage will need to be taken out by them. Thanks