I plan to give my grandson, aged 24, a buy to let flat that I have owned for several years. It will become his primary home. Although it is a gift, I appreciate that for CGT it will be deemed to have passed to him at market value, and only if I live for 7 years will it be exempt from IHT.
But as a gift will it be exempt from stamp duty. It falls within the 1% band
stamp duty exempt?
3 posts • Page 1 of 1
stamp duty exempt?
by jayhay on Wed Jul 07, 2010 10:47 am
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export clearance process
by q8t on Wed Jul 07, 2010 11:02 am
i want to ask if theres someone working there Mr. Peter Viento because im an applicant there in UK and i need to pay 585 GBP for the processing fee of my documents for delivery stop clarance. I want also to ask do i need to pay all the fee through western union.
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Re: stamp duty exempt?
by section 44 on Wed Jul 07, 2010 11:04 am
Exempt provided he isn't giving anything of value (presumably the property is not mortgaged).
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3 posts • Page 1 of 1
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