by Les on Tue Sep 14, 2004 9:51 am
Three children, including myself, have inherited mum's house, valued at about £115K when she died. I am executor of mums estate. My brother lived there and still does but is moving out to a new flat as the house is to be sold to share out the inheritance. I have decided, with concent from bro and sis, to take over the house and give them each the monetary equivilent of their share. Will I pay stamp duty? Can I avoid it? Can I just pay the land registry to transfer the property from mum to me?
Thanks in advance.