Stamp duty on gifting house?
Discussion
A friend of mine has just lost Dad and now rather late Mum has started to think about inheritance tax, wills etc.
She's 86 and wants to gift her house to her 2 sons, they both own their own property.
Big mouth me suggest they may have to pay stamp duty on the transfer and at the 2nd home owner rate, am I right?
She's 86 and wants to gift her house to her 2 sons, they both own their own property.
Big mouth me suggest they may have to pay stamp duty on the transfer and at the 2nd home owner rate, am I right?
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