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Proof of funds for gifted stamp duty money?
Comments
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TBG01 said:My solicitors didn't once ask us where our stamp duty came from.
Solicitors never ask where the SDLT comes, because as already mentioned you can't separate funds.
indeed, I cashed in a load of work shares to cover it and it was never mentioned.Cashing shares, which would be in your name, is completely different to a third party gifting money towards a purchase.
There is far too much butt covering going on at that solicitorsSay for example the OP and his Mother fall out. She now wants that gift back.
Do you think the OP would rather a signed document from his Mother confirming that the gift was unconditional, which would put it straight to bed, or do you think he'd rather go down a lengthy legal process?
I think if it’s as simple as signing a gift letter, I wouldn’t feel so hesitant to bring this up to my mum again. In fact I always told her that I was chasing the original solicitor for the template and she never had any problem with signing it. What I find very annoying and unjustified is the current solicitor asking her to pretty much prepare the entire set of documents again. I don’t understand why that’s necessary.1 -
ce5656 said:TBG01 said:My solicitors didn't once ask us where our stamp duty came from.
Solicitors never ask where the SDLT comes, because as already mentioned you can't separate funds.
indeed, I cashed in a load of work shares to cover it and it was never mentioned.Cashing shares, which would be in your name, is completely different to a third party gifting money towards a purchase.
There is far too much butt covering going on at that solicitorsSay for example the OP and his Mother fall out. She now wants that gift back.
Do you think the OP would rather a signed document from his Mother confirming that the gift was unconditional, which would put it straight to bed, or do you think he'd rather go down a lengthy legal process?
I think if it’s as simple as signing a gift letter, I wouldn’t feel so hesitant to bring this up to my mum again. In fact I always told her that I was chasing the original solicitor for the template and she never had any problem with signing it. What I find very annoying and unjustified is the current solicitor asking her to pretty much prepare the entire set of documents again. I don’t understand why that’s necessary.0
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