Stamp duty is payable on the market value of the shares being acquired - you already own 25% so you pay stamp duty on the rest.
Simple example - house value ( i.e on the open market) 200k. You are acquiring 150K. Stamp duty is 1% of 150K = 1500.00
mf
Thanks mf1
Good news but does the following apply in Ireland ?
"Deeds of Variation are very useful instruments and can be utilised up to 2 years after the date of death as long as all the effected beneficiaries under the Will are in agreement to the change being made."
2 years ?
Thanks
Billo
Just another point, and as far as I am aware, but the stamp duty should be half of the regular amount as the transaction is between blood relatives.
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