stamp duty

thespecialon

Frequent Poster
Messages
201
hi,

my father wishes to gift me land valued at 100k..As regards stamp duty, revenue states that both parties are liable to pay stamp duty..This this mean my father pays 6% and also have to pay 6% on the transfer? Hoping it 6% between us but probably wishful thinking.

Thanks
T

 

mf1

Frequent Poster
Messages
4,219
Only one party pays it. But both are liable people. So if the recipient does not pay, the transferor has a liability.

There are some reliefs available - see link below


Talk the process through with your own solicitor- both of you will need to be separately represented.

mf
 
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