Y
Yoshi_Toshi
Guest
Hi,
I have a question about joint ownership.
I bought a house with my brother 2 years ago everything was 50/50, house was 220EUR and mortgage was 92% of that. We are both living here and were first timebuyers at the time.
I am now looking to sell my half to my brother as I'm looking to buy a new house with my girlfriend who is a first time buyer.
Current market Value of current house is 350Eur and there is roughly 175 remaining on the mortgage.
What's involved in transferring ownership (both names are on deeds/mortgage)?
Is stamp duty applicable?
Is CGT applicable?
Is there anything else I should know?
Thanks in Advance!
I have a question about joint ownership.
I bought a house with my brother 2 years ago everything was 50/50, house was 220EUR and mortgage was 92% of that. We are both living here and were first timebuyers at the time.
I am now looking to sell my half to my brother as I'm looking to buy a new house with my girlfriend who is a first time buyer.
Current market Value of current house is 350Eur and there is roughly 175 remaining on the mortgage.
What's involved in transferring ownership (both names are on deeds/mortgage)?
Is stamp duty applicable?
Is CGT applicable?
Is there anything else I should know?
Thanks in Advance!