Stamp Tax

[Mike Roberts]

Do you pay stamp tax if you inherit a property from a parent?

[buildersmate]

You pay Stamp Duty Land Tax on the transfer of the land title documents, so yes, its no different from acquiring from someone else. The only cop-out is if the property is in a disadvantaged area - see below.
http://www.hmrc.gov.uk/so/disadvantaged.htm#1

[EverClean]

No. You may be liable for inheritence tax but if you inherit a property you will not have to pay stamp duty - it is not a sale.

[buildersmate]

Thanks for the stars but as Everclean has pointed out, I got it wrong this time. Sorry about that.

[Nether Edge]

BUT there's still a form - SDLT60 - to lodge with the Assent. It is a declaration that no formal SDLT1 return needs to be made.

[Mike Roberts]

Excellent news.
This possible tax has been a worry to me.