News3 mins ago
Transfer of Property to a part beneficiary of a will
My husband has been left a half-share in a property, along with his brother. We would like to take over complete ownership of the house to live in ourselves. We own our present property, which is worth more than the said property. We propose to sell our current property and pay his brother half of the sale value of his mother's house. We would like to have the deeds put in our names, and use a solictor to oversee this and the financial transaction involved. I would like to know, will we be liable for stamp duty when we buy him out, when the financial transaction takes place? Considering that my husband legally owns half the property already it would surely only be on half the value, if at all? And, are there any other obvious legal concerns which we need to consider at when making such a transaction?
Answers
Best Answer
Nobody has yet answered this question. Once some answers have been given, bobditude will be able to select one answer as the best. Once a best answer has been selected, it will be shown here.
For more on marking an answer as the "Best Answer", please visit our FAQ.There are no answers available for this question.
Related Questions
Sorry, we can't find any related questions. Try using the search bar at the top of the page to search for some keywords, or choose a topic and submit your own question.