Skip to main content

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

Posted Thu, 06 Jun 2024 07:09:07 GMT by Julie
Hi there, my parents gave me money to buy a property last year, but we realised that it was not the right decision. We would like to add their names to the title deed. We are aware that their share would fall back into their estate for future IHT considerations but we are worried that HMCR would view this as a tax avoidance move. Could my parents write to HMRC e.g. the Stamp Duty Dept and voluntarily paid the stamp duty 3% of their share which is what would have been had if they purchased a 2nd property. They already have their own home. Thanks in advance for any advice that you could give me.
Posted Thu, 06 Jun 2024 09:49:32 GMT by HMRC Admin 19 Response
Hi,

Please contact the Stamp Duty Land Tax team for advice.

Stamp Duty Land Tax

Thank you.

You must be signed in to post in this forum.