• Transfer Of Equity

    By Guest on 07th Jun 2016

    My wife owns 10% of BTL property valued at £ 585,000 and the mortgage outstanding is £ 346,750.
    She would like to gift that 10% to one daughter. What will be the SDLT payable on transfer of this equity?

  • 1 Answers

    By Guest on 11/07/2016

    On the face of it, irrespective of the share of equity being transferred stamp duty will be calculated on half the mortgage debt as your daughter will become jointly and severally liable for that debt. You may need to get specialist tax advice.

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