Title | : | Avoiding Stamp Duty and Inheritance Tax - Transfer Property to Children |
Lasting | : | 5.26 |
Date of publication | : | |
Views | : | 6,7 rb |
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What are the SDLT, Capital gains and IHT implications if my parents add me to the deeds of the property that we all live in and we re-mortgage so that we become joint tenants who all pay the mortgage? Do survivorship, gifts with reservation and co-habitation cause issues? Comment from : Fish |
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It seems that under the relevant Stamp Duty rules, a voluntary disposition of property (ie: a lifetime gift of property at zero considerstion) is chargeable with usual stamp duty as if it were a conveyance on sale at its market value So, is it the case that the Deed of Gift of property to children during lifetime will still be subject to usual stamp duty ? Comment from : Luns Che |
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