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Gifting a deposit
Odino
Posts: 1 Newbie
Hi
I am in the process of gifting a deposit to a family member to buy a property.
I understand the legal declaration & that proof of funds will be needed & this can be provided
Do I need to have a solicitor to represent me for this or can it be done directly with the solicitors of the buyer?
Thanks
I am in the process of gifting a deposit to a family member to buy a property.
I understand the legal declaration & that proof of funds will be needed & this can be provided
Do I need to have a solicitor to represent me for this or can it be done directly with the solicitors of the buyer?
Thanks
0
Comments
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No need for you to have a solicitor.1
-
You can gift £3,000 each tax year
So £3,000 in March and another £3,000 in April
You may want to gift alot more but start off with the £3,000 this week0
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