S
savarolla
New Member
8 years ago, my sister and I bought a property together (50-50),which she lived in. I still have a share in the property, the property is worth around £200,000. My sister isn't in any position to buy it outright.
Now my partner and I want to buy a property together as a family home. Given that I already own a share of a property I'll be hit with an additional 3% stamp duty. I'm planning on transferring my share of the property to my dad and giving it away. To do this, is it just a matter of paying the fee and filling out the forms as indicated here?
https://www.gov.uk/registering-land-or-property-with-land-registry/transfer-ownership-of-your-property
Wondering if there are any other things I need to do/consider?
Advice is welcome...
Now my partner and I want to buy a property together as a family home. Given that I already own a share of a property I'll be hit with an additional 3% stamp duty. I'm planning on transferring my share of the property to my dad and giving it away. To do this, is it just a matter of paying the fee and filling out the forms as indicated here?
https://www.gov.uk/registering-land-or-property-with-land-registry/transfer-ownership-of-your-property
Wondering if there are any other things I need to do/consider?
Advice is welcome...