Hey All,
I own a property with my brother 50/50 that we purchased and paid 30k closing costs on in early 2012. We are about to subdivide the property, sell of the back property and then I will buy my brother out if the existing house.
Is there anyway to reduce the closing costs when the purchase occurs (particular the stamp duty).
I am not sure of the relevance but when we first purchased the property it was my brothers third and my first so I was not given any first home buyers. From my understanding even though I did not receive any FHB that I have forfeit that for the future as well? If not could this be used to reduce the stamps?
Finally my wife is not currently on the title of the house and has never purchased a property so could she maybe somehow be used?
I own a property with my brother 50/50 that we purchased and paid 30k closing costs on in early 2012. We are about to subdivide the property, sell of the back property and then I will buy my brother out if the existing house.
Is there anyway to reduce the closing costs when the purchase occurs (particular the stamp duty).
I am not sure of the relevance but when we first purchased the property it was my brothers third and my first so I was not given any first home buyers. From my understanding even though I did not receive any FHB that I have forfeit that for the future as well? If not could this be used to reduce the stamps?
Finally my wife is not currently on the title of the house and has never purchased a property so could she maybe somehow be used?