Son is able to repay his ex-partner for her contribution and wants to transfer the full title to himself
My son and his ex-partner bought a house a few years ago as equal partners in the mortgage and in the property title. The relationship ended quickly. My son remained living in the house and has paid the mortgage throughout.
My question is whether my son will now have to pay stamp duty on his ex-partner’s part of the house or whether an exemption can be applied?will normally give rise to stamp duty for the person acquiring the property. The rate of stamp duty on residential properties of up to €1 million is 1 per cent. As you do not state that your son and his ex-partner were married, their transfer may be eligible to qualify for an exemption of stamp duty under a court order issued under section 174 of the Civil Partnership and Certain Rights and Obligations of Cohabitants Act 2010. In order for two people to be deemed “cohabitants” in such cases, they must have lived together in a committed relationship for more than two years if they have dependent children, or for five years otherwise.
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