stamp duty on inherited property

[andyyr74]

My Father died in January. He owned a rental property equally with my Mother, worth £400,000, his share worth £200,000.
My Father's share passes to me and my brother equally so we own one quarter of the property each, valued at £100,000. Are there going to be any stamp duty implications of carrying out this transfer?

Many thanks, in advance

[Peter D]

No SDLT will apply. SDLT is based on actual remittance and you are not paying for the share. I assume there is no mortgage involved in the property. Regards Peter

[andyyr74]

Thanks Peter for letting me know this, much appreciated