My ex-fiancee and I bought a house togeather. Weve split up and now I need my brother to buy him out to stay int he house.
I have a few questions and Id appreciate any help anyone can give me as this is all awful.
Will he have to pay CGT on the profit hes made?
Will there be any tax implication on my brother besides losing his FTBs status? Or on the ex?
is there any website I can go to to look all this up?
Thanks Clubman.
Yes it was our PPR.
Thats good news.
Thats bad news.
Ive never been in a situation like this before and certainly wasnt expecting this so feel a bit lost in it all.
My brother would have to pay stamp duty on his half of the purchase? His input would be about 230.
You mean the SD issue? What is the value of the half (?) share of the property? If it's under €317,500 then your brother should be exempt as far as I know.