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My boyfriend and I are planning to buy a 50% share in a house my father owns. Basically, I & my bf will be getting a mortgage from the bank for €313,000 (the house is worth approx €600,000), all three of our names (me, dad, bf) will be on the mortgage
But stamp duty is only payable by a purchaser on the market value of the property they are acquiring - they are only acquiring half of an an asset so they are only paying stamp duty on the value of half of the asset - the father still owns the other half, he is not disposing of that half.
mf
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