Stamp Duty

C

candygirl

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Hi can anyone tell me if they bought a property with there Boyfriend/girlfriend who wasnt a first time buyer and you are , as ive been told so many times My boyfriend can buy the propert and then put my name on the deeds but we both would be paying the mortage Is it possible?
 
Not legally as far as I know. See here for example:

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Thanks for replying,
We were out at the RDS Eddie Hobbs thing Sunday and I asked around about this to a well know brookers and money advice company dont know if i can say there name, but they said it happens all the time.
 
If all parties with a beneficial interest in the property and providing money towards the purchase are not FTBs then they are not, in fact, jointly FTBs and any attempt to get around this (e.g. by just putting the FTB's name on the property/mortgage deeds in an attempt to reduce the stamp duty payable) is most likely tax evasion. Judging by some posts here on AAM some professionals (e.g. brokers, solicitors etc.) who should know better do collude in this but it doesn't make it any more legitimate for all that.
 
I also meant to say that be wary of tax "advice" from those who are not actually qualified or authorised to dispense it (e.g. estate agents and maybe mortgage brokers etc.). For the record I am not a tax expert either so make sure to check all of the above independently but I am pretty sure that it's on the right track.
 
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