You need a contract of sale, between the parties.jackk19 wrote: ↑13 Feb 2018 10:42Thanks Pan.
So you have to pay all taxes and fees before you get to registry. If the sale happens at registry then you have to find the tax before your actual sale?
And do you have to have a contract of sale from a solicitor or can scribble something on a bit of paper.
All help appreciated as if I go over I want to have an idea of process plus how long I have to be there.
The buyer pays the revenue stamps.
It gets lodged with the tax office that will tell you what tax you need (after a period of time, it is not instant).
Your agreement with the buyer should be such that he pays that portion of the tax upfront (if we are talking large amounts) to get the clearance certificate.
He pays the balance on the day with a bankers draft at the land registry.
You should use a lawyer to do this for you, it is much easier especially where monies up front are required.
I am not sure about the multiple uses of the 17k allowance, you could just go and ask at the tax office for a more definitive answer, or if you find it in the CAPITAL GAINS TAX LAW, 52/1980.