Deed of gift - costs, timelines and DIY?

OrangeFrog4321

I have a 50% share of a house I need to gift to my mother, who already owns 25%, within 6 weeks - in order to obtain a stamp duty refund. I have had a few quotes for this from solicitors of around £900. This seems excessive for what looks like a simple process - does a solicitor need to be involved? They have also advised it could take a couple of months, but does this include time for Land Registry to process it, which doesn't delay the effective date for the stamp duty refund?

The 75% of the property was transferred to my mother and me 10 years ago for £300 + VAT, and the transfer was submitted and dated within a week! Not sure how long it took to be finalised though.

Thanks

Jeremy535897

Unfortunately all the money laundering bureaucracy and letters of engagement stuff costs over £500 to deal with before you even do anything. Are you sure the stamp duty saving won't be outweighed by an immediate capital gains tax bill on disposal and/or increasing inheritance tax on your mother's death?

Andy_L

https://www.gov.uk/registering-land-or-property-with-land-registry/transfer-ownership-of-your-property

" follow these steps.

Download and fill in an application to change the register.

 

Fill in either a ‘transfer of whole of registered title’ form, if you’re transferring your whole property, or a ‘transfer of part of registered title’ form if you’re only transferring part of your property.

 

Fill in a certificate of identity for a private individual.

 

Find out the correct fee. Use the ‘Scale 2 fees’ if you’re transferring ownership of a property without selling it, for example as inheritance. Use the Land Registry fee calculator if you’re transferring part or all of a property as a sale.

 

Send your documents, forms and fee to HM Land Registry."

Bookworm225

Jeremy535897 said:

Unfortunately all the money laundering bureaucracy and letters of engagement stuff costs over £500 to deal with before you even do anything. Are you sure the stamp duty saving won't be outweighed by an immediate capital gains tax bill on disposal and/or increasing inheritance tax on your mother's death?

OP has considered that in their previous thread
Transferring property to and from daughter for CGT/SDLT? — MoneySavingExpert Forum

and has now repeated their question as the geek apparently derailed their first try at it 
Deed of gift - costs, timelines and DIY? — MoneySavingExpert Forum