• Transfer Of Equity Between Relatives

    By Guest on 13th Aug 2016

    My father gifted his house to myself and my sister in 2000 (50/50 split) via a transfer of equity. He continued to live there until recently he has had to be cared for in a nursing home.Initially we rented the house out but the tenant is due to leave and there is no prospect of my father returning to live in the house .

    The house is worth approximately £115000.

    If I were to gift my 50% to my sister via a transfer of equity (either free or for a nominal or below market value amount) what STLD or other taxes would either of us be liable for, if any?

  • 1 Answers

    By Guest on 17/08/2016

    See above - just as an addendum, I couldn't comment on other taxes such as CGT

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