Is stamp duty payable on inherited property

C

Camlink

Registered User
Messages
15
Hi,

Without going into too much detail I have the following query.

I just thought that inheritance tax was payable (if over the threshold) but my brother's accountant told him that he had to pay stamp duty (family business + family home).

As executrix I am in touch with our solicitor, but, before our next meeting I would like to have all my facts together.

I had a look at various websites including revenue but couldn't come up with anything.

Any advice or info gratefully received.

Many thanks,

Camlink
 
If it is a straightforward devise of a property left in the will to your brother there is no stamp duty. If there is however a deed of family arrangement involved- for eg the property was left to you and you have agreed that your brother should have it, then there may be stamp duty.
 
You must log in or register to reply here.
Back
Top