Signing a site over

[BIK30]

Signing a site over :

1. Does it need to be signed over to me (singal name) only, gift from my father, or to me and my husband (joint names) for the purposes of applying for a mortgage on a self build? Note the mortgage application is in joint names.

2. Also is there any tax/stamp duty implications of having the site signed over in my name or joint names?

 

[plant43]

I am not sure about the mortgage part but if it's signed over to you and your husband then I believe there will be a gift tax liability for your husband.

 

[Gervan]

Stamp duty half rate between relatives, again would suggest the transfer be from your father to you.
Exemption from Capital Gains Tax for your father if transferring a site valued less than €500,000 to child to build principal private residence.
Although I am not sure whether you are building on your father's site or it is just being transferred into your name as backup security for the mortgage.