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Where Taxpayers and Advisers Meet

SDLT property partially inherited

Andrew01
Posts:48
Joined:Wed Aug 06, 2008 3:27 pm
SDLT property partially inherited

Postby Andrew01 » Thu Aug 29, 2024 4:10 pm

Hello SDLT forum

SDLT is not payable on residential property inherited by a Will beneficiary.

If the property is worth more than the Beneficiaries share of the estate is SDLT payable on the excess?
I will give an example.

The deceased property is worth £200,000.
The Beneficiaries share of the estate is £100,000
So the Beneficiary pays the excutors £100,000 for the share of the property "not inherited".

So is SDLT payable on the £100,000 capital paid to the executors?

Thank You
Andrew

AGoodman
Posts:1860
Joined:Fri May 16, 2014 3:47 pm

Re: SDLT property partially inherited

Postby AGoodman » Tue Sep 03, 2024 10:44 am

Yes

Andrew01
Posts:48
Joined:Wed Aug 06, 2008 3:27 pm

Re: SDLT property partially inherited

Postby Andrew01 » Tue Sep 03, 2024 4:15 pm

Thank You AGoodman


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