SDLT purchasing new primary residence when owning gifted property

[ollie]

Hi.

I am considering passing on to my son part of a property which I own and is rented out. There is no mortgage on the property. I believe no SDLT is payable on this transfer(?).
Were my son to subsequently move house ie change his primary residence, in which he lives, would he be liable to pay the increased rate of SDLT on the purchase of his new house?

Any advice appreciated.

Thanks

[bd6759]

If he sells his residence before acquiring a new one he won’t be liable to the additional rate.

[ollie]

Many thanks for replying. That’s really helpful.
Ollie.