Putting brothers name on house

dodo

Registered User
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If I wanted to put my brother's name on an investment property would there be any money to be paid,I received a loan from him so I suggested I put his name on house name, and if in 10 yrs time or so and I decide to sell ,I would give him his loan back plus a % of the profit from the house,
 
Moved from Mortgages and Buying and Selling Homes which is primarily for owner occupier/PPR queries.


Sounds like you would be giving him beneficial ownership of half (?) of the property so there could be stamp duty (at half the normal rate between blood relatives) and gift tax implications. You probably need to get professional advice.
 
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