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JGM
JGM, Solicitor
Category: Scots Law
Satisfied Customers: 11129
Experience:  30 years as a practising solicitor.
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This is to do with property transfer. I own my own house but

Resolved Question:

Hello.
This is to do with property transfer. I own my own house but share it with a close family friend who is also my sole heire. On my demise will she need to pay property tax for transfer of deed title. If I have to move into care and she purchases the house, same question.
Thank you
Submitted: 10 months ago.
Category: Scots Law
Expert:  hhlaw replied 10 months ago.

Hi, thanks for your question. Please confirm:

-Are you in England or Wales?

-What is there value of your estate?

Customer: replied 10 months ago.
Hi, Scotland and value c.£270k
Expert:  hhlaw replied 10 months ago.

Thanks, ***** ***** opt out and allow a Scots law colleague to assist

Expert:  JGM replied 10 months ago.

Thanks for your question which has been forward to me as a Scots lawyer. You should ensure that the title to the property is transferred to the two of you and to the survivor. That will ensure that there are no taxes to be paid. If you have to go into care and your friend owns the other half of the house then you can't be asked to sell it.

JGM, Solicitor
Category: Scots Law
Satisfied Customers: 11129
Experience: 30 years as a practising solicitor.
JGM and other Scots Law Specialists are ready to help you