Changing mortgage from single to 2 people

[tosullivan]

if 2 people bought a house before the boom and only 1 persons name was on the mortgage and now the house is roughly valued at €300k more than it was paid for, what is the tax liability for the other person to get their name on the mortgage if they are not married?

 

[Domo]

The tax liability will be on the person selling their share of the property (Capital Gains Tax). And stamp duty for person buying - if relevant.

 

[tosullivan]

the person who's name is on the house is not selling, they just want to put the other person on it and is not related...

 

[Domo]

If you transfer or gift part of a property to someone else, this is a disposal for Capital Gains - there may also be stamp duty implications.

You should get professional advice before you arrange the transfer.

www.taxingtimes.ie