• Transfer Of Equity

    By Guest on 11th Aug 2016

    my mother is wanting to transfer the ownership of her property to me can you tell me if this would mean any tax implications for me ?

  • 1 Answers

    By Guest on 27/11/2016

    If you paid any money for the property you might have to pay stamp duty. Even if you don't pay any money, if you do not currently own your own home but what to buy one in future whilst you still own your mother's house you will have to pay the higher rate of stamp duty on your new purchase (an additional 3%) as it will be a second home.

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