I'm planning to gift a portion of my rental property to my children. What are the inheritance tax and stamp duty land tax (SDLT) implications of this, and are there reliefs or exemptions I should consider?
Quick Answer
Gifting rental property to children has Inheritance Tax (IHT) and potential Stamp Duty Land Tax (SDLT) implications. IHT depends on the gift's value and when it's made, while SDLT is only triggered if money or mortgage debt is exchanged.
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Gifting rental property to children? Understand UK Inheritance Tax, SDLT, and CGT implications. Learn about reliefs & pitfalls for effective estate planning.
This question is part of our Tax & Accounting category, providing expert guidance on UK property investment.
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