How do we transfer ownership of rental house to my 18 year old son?Make Text Bigger
We have an unencumbered rental property which we are considering transferring to our son when he turns 18 next year.
What would be the most straightforward and tax efficient way of conducting this process?
Would Stamp duty be chargeable at this stage?
The value of the property has doubled over an 8 year period since we purchased it.
Your thoughts on this would be gratefully appreciated.
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