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Buying her out - costs?

  • mick_dan
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06 Sep 07 #2964 by mick_dan
Topic started by mick_dan
I am thinking of buying my wife out of the home, she doesn't want to stay there anyhow as hates the place and I am looking to buy her out...

My questions are...

1. Would I pay stamp duty if house in both names and she signs over to me on payment of agreed amount?

2. Any other costs involved?

Thanks

  • LittleMrMike
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06 Sep 07 #2970 by LittleMrMike
Reply from LittleMrMike
No, I think there is a specific exemption from stamp duty where property is transferred pursuant to a Separation Agreement or a Court order on divorce. Apart from that there would no doubt be legal and valuation costs.

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