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ChatterBank0 min ago
transfering house deeds
2 Answers
At the moment me and my husband are paying my mother privite rent. The house is still in her name and she is wishing to transfer it to our names but wishes to do it without useing lawers. Can you tell us what we need to do?
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1) If there is no mortgage you can transfer the property yourselves without a solicitor. Speak to your local District Land Registry Office who will guide you through the process
(2) Also telephone 0845 6030135 who will explain any Stamp Duty liability to you and arrange for the essential SDLT Certificate for the Land Registry
(2) Also telephone 0845 6030135 who will explain any Stamp Duty liability to you and arrange for the essential SDLT Certificate for the Land Registry
If you're trying to avoid inheritance tax in this way it won't work.
If she's still living rent-free in the house it will be deemed that she's still "deriving benefit" from the asset and her estate will be liable.
There are ways to reduce death duties with trusts or "home loan" systems
If you try to avoid IHT without using professional advice these's a good chance it won't work
If she's still living rent-free in the house it will be deemed that she's still "deriving benefit" from the asset and her estate will be liable.
There are ways to reduce death duties with trusts or "home loan" systems
If you try to avoid IHT without using professional advice these's a good chance it won't work
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