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Swapping houses

Sterlingtimes
Sterlingtimes Posts: 2,513 Forumite
Part of the Furniture 1,000 Posts Name Dropper
I am substantially older than my wife.

When I die, could my wife "swap" her £700k house for my son's £350k house without immediate tax implications? I am aware that IHT may come into play in due course, but how about stamp duty?

I am thinking that my son would gift his house to my wife, and my wife would gift her house to him. Both houses are mortgage-free. Presumably, each party would reregister with the Land Registry. Both my son and my wife would move to their new homes.

Would my wife retain our combined IHT residential property allowance?




I have osteoarthritis in my hands so I speak my messages into a microphone using Dragon. Some people make "typos" but I often make "speakos".

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