SDLT complicated beneficial interest transfer

by **hdouglas@blg.co.uk** on Mon Apr 11, 2011 10:00 am

Thankyou very much, sounds like by arranging this as 4 separate sales of £150K beneficial interest transfer from aunt to nephew this would attract only 1% sdlt rather than 4% sdlt, saving a significant amount.

Many thanks your prompt expertise and assistance.

Do you please have a donation pot, failing which a charity you'd like me to benefit?

by **hdouglas@blg.co.uk** on Tue May 03, 2011 11:50 am

many thanks.

Although the purchaser is the nephew of the beneficiaries who are selling their beneficial interests (and is not therefore a "connected" person under your helpful analysis), the legal title is currently held by two trustees (for the beneficiaries).

As one of the trustees is the father of the 'nephew' does this interject a connection irrespective of the fact that the trustee holds no beneficial interest etc.?

thanks.

by **Generix** on Thu May 05, 2011 4:01 pm

hdouglas@blg.co.uk wrote:Thankyou very much, sounds like by arranging this as 4 separate sales of £150K beneficial interest transfer from aunt to nephew this would attract only 1% sdlt rather than 4% sdlt, saving a significant amount.

Many thanks your prompt expertise and assistance.

Do you please have a donation pot, failing which a charity you'd like me to benefit?

How about 'Generix's new house furniture charity fund'? What do you say s44?