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Stamp Duty
The Question assumes : Inheritance tax advice has been provided on GROB and PET depending on the situation The risk of the daughter being made bankrupt, predeceasing or divorcing and her mother’s assets being taken into account. A lack of any declaration of trust will make the mother’s position more difficult as she would have...
What is Stamp Duty Land Tax? You must pay Stamp Duty Land Tax (SDLT) if you buy a property or land over a certain price in England and Northern Ireland. You pay the tax when you: Buy a freehold propertyBuy a new or existing leaseholdBuy a property through a shared ownership schemeAre transferred land or...