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In a property market that is increasingly difficult to buy your first home, transferring a property to a child can be an attractive way to provide financial support, or pass on wealth during your lifetime. Whilst the process of gifting a property is simple, the financial consequences of doing so can often be significant. Before...
Read moreYou’re excited. You’ve signed a contract to purchase a new home and have finally agreed on a purchase price. You approach a solicitor to handle the transaction and WHAM… they tell you about stamp duty. Stamp duty is not a fun topic. The government calculates stamp duty using an ad valorem rate which means the duty is calculated...
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