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Transfer of equity - permissible/allowable deductions
Ennersdale3
Posts: 6 Forumite
When making an offer to purchase my former partners 50% share of the property in a transfer of equity, are there any permissible/allowable deductions that can be made (e.g. my legal costs, stamp duty I will have to pay, etc etc)?
Any advice would be appreciated.
Any advice would be appreciated.
0
Comments
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"Permissible/allowable" in what sense? It's generally up to you both to agree a figure. Are you talking about from a third party's point of view?
But I would expect as a norm that you as the purchaser are responsible for your own stamp duty, and for you each to pay your own legal costs.
Also, it's easier for everyone if you keep to one thread: https://forums.moneysavingexpert.com/discussion/6601807/buying-out-a-former-partner-from-their-share-of-a-residential-property#latest1 -
it is permitted for you and your ex to have bitter arguments over how costs will be shared between you.
it is not permitted to come to blows over such issues.0
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