Names added to deeds of inherited house but don’t remember signing anything.

bicyclist

https://forums.moneysavingexpert.com/discussion/comment/81999947#Comment_81999947

The solicitors registered the TR1 (or TP1 - I think that's the one for partial transfer, while the TR1 is for a whole transfer). I have contacted the solicitors who did it (I assume - their name is on the Land Registry doc) asking for any other documents they may have, but they don't.

bicyclist

https://forums.moneysavingexpert.com/discussion/comment/81999952#Comment_81999952

Looks like I'm going to need a CGT lawyer.

silvercar

https://forums.moneysavingexpert.com/discussion/comment/81999963#Comment_81999963

CGT calculation would be best done by an accountant not a lawyer, if you need more help than is available on the tax forum here - https://forums.moneysavingexpert.com/categories/cutting-tax

Some knowledgeable peeps over there.

tetrarch

Not necesarily - getting the transaction reversed means no CGT liability. The only problem here is time…

Regards

Tet

silvercar

https://forums.moneysavingexpert.com/discussion/comment/81999857#Comment_81999857

A house they would eventually inherit anyway, without a potential CGT liability.

bicyclist

https://forums.moneysavingexpert.com/discussion/comment/81999986#Comment_81999986

Thanks for the tip!

p00hsticks

https://forums.moneysavingexpert.com/discussion/comment/82000001#Comment_82000001

Perhaps in this case,

But once it's in their name if they wanted to they could just sell it straight away - no need to wait for an inheritance or to see it disappear in care fees, be left to the local donkey sactuary etc…

poseidon1

OP one last matter to check if you have not done so already.

Since the transfer of ownership took place after your fathers death, worth checking to make sure your father's will did not establish an IPDI trust of his share of the home if previously held as tenants in common with your mother.

His will would be the 'trust document' in this situation ( nothing else required), and it could have appointed you and your siblings as trustee of his half share. Your mother would then have arranged title transfer pursuant to your trusteeship complete with the Form A restriction on title you mentioned.

If this did occur, then the good news is that such a trust structure would erase any personal taxable gains up until your mother's demise, thereafter you are only concerned with taxable gains accruing after your mother's death.

Grumpy_chap

Hopefully no one claimed first buyer relief of SDLT if the purchases occurred after the transfer of the property.

Or any means-tested benefits...

This exercise will not reduce the IHT liability (because GWR) but will create a CGT liability (subject to value).

SDLT_Geek

https://forums.moneysavingexpert.com/discussion/comment/81999956#Comment_81999956

It is possible to get a copy of the TR1 from the Land Registry, even if it is not referred to on the register as a "filed" document. They are usually VERY quick.