joint ownership/stamp duty/rent a room

[financially]

I bought a property with a friend just over a year ago (50/50). We were both FTB owner occupiers so didn't have to pay Stamp duty. Our solicitor told us that it was not legal binding to put in our contract a time limit on when one of us could not sell before, i.e. we were talking about having a 3yr limit that neither person could sell during. So while we have a standard joint ownership contract there is no time limit on it.

Now I want to move out in order to move in with my partner, so we have to decide how we are best to approach this. I want to be fair to my friend but I also cannot afford not to be financially prudent towards myself.

1. I could say I want to sell the apt, but what happens if the other person doesn't agree?

2. We could rent out a room when I leave but what is the stampduty situation in that case (1 owner occupier left)?

3. is the rent a room ceiling still €7600?

Any advice in this situation welcomed,
Financially confused :-((

 

[asdfg]

2. We could rent out a room when I leave but what is the stampduty situation in that case (1 owner occupier left)?

Afaia, you will have to pay sd at the investors rate when the property was bought.

3. is the rent a room ceiling still €7600?

€7620 to be exact (conversion of £6,000)

You can only avail of the rent a room scheme provided you are also living in it.



ceili