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Where Taxpayers and Advisers Meet

Property in trust

Bsmyth
Posts: 2
Joined: Mon Sep 11, 2017 3:46 pm

Property in trust

Postby Bsmyth » Mon Sep 11, 2017 3:49 pm

My family home is in trust with my brother and I.

I don't live in the property and do not earn an income from it.

I want to buy my first home but am not sure If I will need to pay the additional stamp duty as technically my name is on the deeds of a property that my brother lives in.

bd6759
Posts: 2795
Joined: Sat Feb 01, 2014 3:26 pm

Re: Property in trust

Postby bd6759 » Mon Sep 11, 2017 5:34 pm

What is the nature of the trust?

Bsmyth
Posts: 2
Joined: Mon Sep 11, 2017 3:46 pm

Re: Property in trust

Postby Bsmyth » Mon Sep 11, 2017 8:22 pm

My father, brother and myself where named as trustees, my father lived there with my brother. A number of years ago my father went into a care home. He recently passed away so my brother and I are now the trustees.


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