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Postby sadgran on Sun Dec 14, 2003 10:49 am

I am about to purchase the freehold of a property which can only be sold to my father as he is a long term leaseholder. I will be paying the total amount for the property which he will then be gifting/transferring to me. Will this second transaction be free of stamp duty?
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Postby cranleys on Tue Oct 05, 2004 2:54 am

The transfer will have CGT consequences - it will be valued at market value and then the transfer made at with Gifts Relief.

Stamp Duty - afraid so.

Colin Davison
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