McDonnell’s distorted and dangerous version of Right to Buy9:01 AM, 5th September 2019
About 3 weeks ago 35
I have been left 50% of a property in a Will with the other half to my brother. We both own our own homes.
I want to buy him out and he is happy to gift my wife his half for now to get out of paying any stamp duty (this gets the property into joint names). We will then remortgage the property and pay him back.
Is this Ok or considered a dodge just to get out of paying the stamp duty.
I am aware of the 7 year rule for IHT gifts which would apply.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More