My daughter is buying me out of a house – must she pay stamp duty?

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She hasn’t had a mortgage before, but I’m told she will need to pay stamp duty on a mortgage

Q My two daughters and I are the joint owners of a property for which we paid cash . One of my daughters lives in the house and is now in the process – with her husband – of taking out a £120,000 mortgage so that she can buy her sister and me out . On the strength of the £60,000 that she will get from her sister for her share of the house, my other daughter is also thinking of taking out a mortgage to buy her first home.

 

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I would gift it to her.

Not in NewZealand

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