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Hi, no CGT is payable (this is only payable if a party sells a property, which was not their main place of residence, for a profit). Stamp Duty is only payable if you purchase or acquire a property for more than £125,000. Therefore, no Stamp Duty is payable. I hope this clarifies the position to you. Kind Regards Al
Hi, you may still need to submit a SDLT return- it depends what you have put as the consideration in panel 8. What have you put? Kind Regards Al
Hi, as you have put no consideration, you won't need to submit a SDLT return. You therefore just need to submit the Land Registry application. I hope this assists and answers your questions. If so, please would you be kind enough to rate my answer. Kind Regards Al