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Gifting property to family, letter template
robfromkent
Posts: 6 Forumite
Every one wants to save money and we will be gifting a flat to one of our children.
Been looking at 'Deeds of Gift.' Just one smaple document.
IMO, one is not required as everyhting has to go via land registry and the evidence is there who we are, how we bought the property and whom we are gifting this to. But just as an extra precaution, I'd like to put something in writing so we can't go back on the gift and our child has something concrete as well. The other two children are getting cash and one has been given cash for a deposit and we have already written up something and signed by an independnet person, ex magistrate.
Thank you.
ps - there is one link on MSE re deed of gift and it's the one i found on Google as well - IMO not very good.
Been looking at 'Deeds of Gift.' Just one smaple document.
IMO, one is not required as everyhting has to go via land registry and the evidence is there who we are, how we bought the property and whom we are gifting this to. But just as an extra precaution, I'd like to put something in writing so we can't go back on the gift and our child has something concrete as well. The other two children are getting cash and one has been given cash for a deposit and we have already written up something and signed by an independnet person, ex magistrate.
Thank you.
ps - there is one link on MSE re deed of gift and it's the one i found on Google as well - IMO not very good.
0
Comments
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what is your actual question?
a gift template is: "I give this to you in exchange for nothing from you". Signed. Dated.
What is the history/status of the flat?
Have you checked if you will have a CGT liability in making this gift to a connected person?0 -
cgt is 19k we will pay
cash buy by me and my OH
100% gift to one of our children
Thanks0
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