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Where Taxpayers and Advisers Meet

SDLT and transfer of equity

david8
Posts:1
Joined:Thu Feb 01, 2024 1:00 pm
SDLT and transfer of equity

Postby david8 » Thu Feb 01, 2024 1:07 pm

Hello.
Me and my sister own a second property with a 60/40 split. With myself having the greater share.
My sister would like to transfer an additional 20 percent to myself for £36k
In this case I assume SDLT isn't payable as the additional share I purchase from her is below the £40k threshold, Am i correct??
The property is worth £180k in total. After the transfer it would be a 80/20 split in my favour.

Many Thanks

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