Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Thu, 04 Jan 2024 19:47:37 GMT by
Hi, I am currently residing in my first and only property. When I bought it, I used the help to buy equity loan scheme which means that I was given a 20% deposit on top of my deposit so I will owe the government scheme 20% of the value to my home when I sell. My mother owns land in Portugal and she is having issues with the title of this land so she has been advised to transfer the legal title to my name for a month, then I can transfer the legal title back to her. How will this affect me currently with my scheme? Or any future purchases I make regarding fees like stamp duty? Many thanks.
Posted Thu, 11 Jan 2024 10:11:35 GMT by HMRC Admin 25 Response
Hi isasofia06,
It depends on whether you are the beneficial owner or legal onner for capital gains purposes and you will need to call 0300 200 3310 to discuss further.
With regards to stamp duty, please refer to:
Stamp Duty Land Tax
 

You must be signed in to post in this forum.