Councils using ‘Intelligence’ to track down low EPC properties and fine £5,00015:08 PM, 29th March 2021
About 2 weeks ago 36
One of my tenanted properties is occupied by my son and his wife. The property is conservatively valued at £250,000. He would like to buy it from my wife and me, but can get a mortgage for only £100,000. We are thinking of gifting the remaining £150,000 to them.
How should we structure the ‘sale’ of the £100,000 equity and gift of £150,000. I can’t give him £150,000 cash as a deposit.
He is a first time buyer.
Will there be SDLT to pay on the whole £250,000?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.