We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Gifting an inherited stake in a property to avoid 2nd home stamp duty. Any advice?
Options
Comments
-
Great idea from zagfiles0
-
So if you gift your share to your mum, can she gift it back to you after you have bought?0
-
I think HRMC might find the transfer and then re-transfer of ownership highly suspicious.Typhoon2000 wrote: »So if you gift your share to your mum, can she gift it back to you after you have bought?
Pretty clearly tax evasion (whereas earlier suggestions have been potential tax avoidance ideas).0 -
Could he sell his share to a SPV ltd company he sets up?0
-
I think I read that if you gift something to somebody that they return to you in their will when they die, they you may have difficulties with HMRC.
You need to get more (professional) advice on this.0 -
I agree that the this will best be resolved by professionals. I doubt the forum has better expertise than the financial professions in this somewhat specialised matter (but it would be better informed if you passed on your findings when this is resolved, if you were so minded).There is no honour to be had in not knowing a thing that can be known - Danny Baker0
-
would you like to expand on the tax consequences of a SPV purchasing a property?Typhoon2000 wrote: »Could he sell his share to a SPV ltd company he sets up?
would you, for example, know what rate of SDLT a non natural person pays when buying property? Hint: it starts with an H0 -
Advice? Yes, pay the tax like a patriot0
-
theartfullodger wrote: »Advice? Yes, pay the tax like a patriot
Is that meant to be ironic? This fellow has 1/5th of a property, and you think he’s being unpatriotic not paying the full £15k to buy his first home?0 -
would you like to expand on the tax consequences of a SPV purchasing a property?
would you, for example, know what rate of SDLT a non natural person pays when buying property? Hint: it starts with an H
We’ll stamp duty is paid on the consideration and not not the underlying value. As there is no mortgage to be concerned with you can make the consideration small, for which there is no stamp duty. So it starts with N....0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 351.2K Banking & Borrowing
- 253.2K Reduce Debt & Boost Income
- 453.7K Spending & Discounts
- 244.2K Work, Benefits & Business
- 599.3K Mortgages, Homes & Bills
- 177K Life & Family
- 257.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards