I bought an apartment with a friend of mine 3 years ago.
We did not pay stamp duty at the time as it was below 125sqm and was a new apt and we were owner occupiers. I was a FTB at the time, my friend was not.
I now would like to sell my share to my friend.
Would he have to pay stamp duty if he buys my share?
This is what the revenue site says:
What is the position where a person, who had obtained first time buyer relief on the joint purchase of a house with another first time buyer, subsequently acquires the other joint owners interest in the house?
A person who obtained first time buyer relief on the purchase of an interest in a house would not be precluded from obtaining first time buyer relief on a subsequent purchase of another interest in the same house provided that person has not purchased another house or part of another house in the intervening period.
However, this refers to FTB and not owner occupiers on new apts below 125sqm.
Can anyone shed some light on this for me?
Cheers!
We did not pay stamp duty at the time as it was below 125sqm and was a new apt and we were owner occupiers. I was a FTB at the time, my friend was not.
I now would like to sell my share to my friend.
Would he have to pay stamp duty if he buys my share?
This is what the revenue site says:
What is the position where a person, who had obtained first time buyer relief on the joint purchase of a house with another first time buyer, subsequently acquires the other joint owners interest in the house?
A person who obtained first time buyer relief on the purchase of an interest in a house would not be precluded from obtaining first time buyer relief on a subsequent purchase of another interest in the same house provided that person has not purchased another house or part of another house in the intervening period.
However, this refers to FTB and not owner occupiers on new apts below 125sqm.
Can anyone shed some light on this for me?
Cheers!