Thanks deadlyduck
CGT: The house is my fathers 'principal private residence' and he has lived in it since he first acquired it.
CAT: OK, i was looking at it the wrong way i.e. from son to parent (small bit of research on my side would have revealed this!)
That leaves me with stamp duty so. Does anyone know what the best case scenario is here? I read on another post that stamp duty can be halved (i.e. 50% less) if transfered from Parent to children. Is this the case?
Will certainly get professional advice before i proceed.