Would be very grateful for any help.
My sister and I live in the house since purchased jointly some 25 years ago, the house is in my name although we share all expenses.
We are now aged and consider adding sister's name on the deed ( I guess as joint tenant) to ensure she will have a roof over her head if I die first. This is the only property we have, freehold, value circ £450k but need total updating, no mortgage involved, no money changes hand.
The house insurer said we may need to pay stamp duty as it is seen selling the house, if it is correct, how much would it be ? Do I have to pay IHT and CGT as well?
Would it be simpler just to make a will instead ?
Thank you for your help.
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