• Buying Beneficiary's Share Of A House

    By Guest on 24th Aug 2015

    A property is left in a will by an elderly person to just 2 children siblings. The person has died. The property was owned freehold and outright by the deceased with no mortgage. One sibling, also the sole executor, wants to buy the property and agrees to buy the other sibling's (half) share for a set price about which there is no dispute. Probate was done by executor (i.e no solicitor was involved) & Grant of probate has now been made.
    What's the next step? ..can you help? Trying to avoid solicitor due to cost. Consideration from one sibling to the other is less than the SDLT exemption of £125,000..the SDLT1 form has been ordered online from HMRC although there is no SDLT liability. My understanding is HMRC will provide a certificate when the SDLT1 is processed that the Land Registry will want before any assent/transfer can take place.

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