and will have to pay stamp duty on any future property
asdfg said:You need to change the the names on the deeds of the house which the finance company holds. Then may charge a small amount to release.
asdfg said:Only applies if the FTB is buying a second hand property
Confusion:
As you are gifting her half the house SD is payable on half the value of the house at the time of the transfer.
Art said:She will not have to pay any SD on this if she is a FTB. Also there are no gift tax implications as she is paying him for an interest in the house.
The bold is the element I originally took out of your post and I saidIf your girlfriend buys half of your house, she loses her first time buyer status and will have to pay stamp duty on any future property that she makes
should perhaps have added in the future. I was not talking about this tread.Only applies if the FTB is buying a second hand property
Also there are no gift tax implications as she is paying him for an interest in the house.
I think there would also be gift tax even if there is no increase in the value of the propertythere would be gift tax implications assuming an increase in the value of the house
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