Hi, my wife and I will be purchasing her old family home and I am looking for tax advice regarding the purchase. The price of the house is €450k and this is to be split evenly between my wife and her two sisters who inherited the house. I am aware that my wife can obtain her portion of the house as a gift, however, as it is a joint mortgage application I would like some information on how to approach the purchase in order to avoid a huge tax bill. I have heard of other cases whereby only one name goes on the deeds in order to avoid a hefty tax bill, however, not sure how lenders would view this when applying for the mortgage. Any advice on this would be greatly appreciated.
Regards,
Regards,