hello,
My father is considering giving me a commercial property before he passes on.
I've been told I'll have to pay commercial stamp duty on it at 6%.
However, he also has it willed to me. As far as I can tell, I would not have to pay the stamp duty if I inherit via his will.
However, he has added a clause to his will that if I ever go to sell the property I must split some of the profits with my siblings. Does this complicate the matter above?
I'll call my solicitor tomorrow to discuss!
My father is considering giving me a commercial property before he passes on.
I've been told I'll have to pay commercial stamp duty on it at 6%.
However, he also has it willed to me. As far as I can tell, I would not have to pay the stamp duty if I inherit via his will.
However, he has added a clause to his will that if I ever go to sell the property I must split some of the profits with my siblings. Does this complicate the matter above?
I'll call my solicitor tomorrow to discuss!