Hi all,
I'm struggling to find a straight answer on this one - I was gifted a site by my father (transfer finalised April 2018). I have a built a family home and I am now mortgaging (jointly with my wife) the property to clear a personal loan.
At the time of the initial site transfer I paid stamp duty on the property, but now that my wife is being placed on the title what are the tax implications, if any?
Any advice welcomed, thanks
I'm struggling to find a straight answer on this one - I was gifted a site by my father (transfer finalised April 2018). I have a built a family home and I am now mortgaging (jointly with my wife) the property to clear a personal loan.
At the time of the initial site transfer I paid stamp duty on the property, but now that my wife is being placed on the title what are the tax implications, if any?
Any advice welcomed, thanks