• Gift To Son

    By Guest on 01st Mar 2016

    I HAVE RECENTLY SOLD MY HOUSE BUT RETAINED PART OF THE GARDEN WITH THE INTENTION OF GIVING IT TO MY SON TO BUILD A HOUSE FOR HIMSELF BECAUSE HE RENTS AT THE MOMENT. Do either of us pay tax?

  • 2 Answers

    By Guest on 02/03/2016

    Neither of you pay stamp duty because this is payable by the incoming owner and is calculated on the actual purchase price paid. I couldn't comment on any other tax implications

  • By Guest on 03/03/2016

    Thanks, my son will be the "incoming owner"

  • Post Your Answer


  • Do you want to be informed of further comments / replies? Yes No

Ask a Question

Search