Stamp Duty

I am in a similar position to the OP. I am a FTB, but my partner has already owned a property and therefore if we purchase a property together, I will not retain my FTB status. Are there any issues around putting my name on the deeds of the house and having both names on the mortgage? Can we avoid paying stamp duty in this way?
 
If your partner will have a vested interest in the property and be contributing towards its purchase then this approach will not work in terms of legitimately avoiding SD. It is also a security risk for them since if you split up then there is no official record of their interest in the property.
 
I don't think so - if, in practice, you have a beneficial interest in the property and are contributing to the purchase then just omitting the name from the deeds in an attempt to avoid tax would be tax evasion as far as I know. Unfortunately some people (e.g. professionals) who should know better claim that this is OK and facilitate it.
 
Bear in mind the following from Revenue:

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And also this which is not totally unrelated.

You would be better off getting professional advice on the tax issues before forging ahead with some course of action that involves possible tax evasion.
 
eoin3_17 said:
that they do claim! I have spoken to a few brokers now and i think we are going to go ahead and change my primary residence to an investment mortgage and get a 95% mortgage with my partner as a FTB.

Its a grey area at the moment but we'll see how we go, thanks for the advice!
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I wouldn't trust tax advice from a mortgage broker, and I wouldn't call it a grey area either to be honest.
 
Does anyone in Revenue read this forum? At this stage the amount of people buying houses that evade tax must outnumber the ones paying it.
 
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