Hi, interested in knowing if this applys to unmarrieds who both own house, one signs over his rights for an amount less than 50%. How do the revenue then calculate the CAT due on the share the other has been given? Is is 20% of the value of the share given (50% - x amount bought out for)?
At what point do you have to pay this, is it on the sale of the house?
At what point do you have to pay this, is it on the sale of the house?