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Transfer of propert with Deed of Gift



Answer
Fran58
Posted Fri, 23 May 2025 13:10:41 GMT by Fran58
We would like to transfer one of our propertied with a deed of gift to our son. The apartment is worth £190,000 and there is no mortgage on it. It will be my son's second home and he will use it as a letting property. I would like to know if when transferring the property at no cost to our son there is going to be any stamp duty to be paid.
Answer
HMRC Admin 19 Response
Posted Fri, 23 May 2025 13:53:17 GMT by HMRC Admin 19 Response
Hi,
Please contact the Stamp Duty Land Tax team for advice.
Stamp Duty Land Tax
Thank you.

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