Home › Forums › Patrick Cannon › Is SDLT payable when mother and son swap houses? › Reply To: Is SDLT payable when mother and son swap houses?
8th December 2016 at 2:28 pm
#807
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Patrick, can’t you argue that if properly documented your scheme works so that son is in effect gifting a 1/3 share in his £225k house (worth £75k) to his mother and swapping the remaining 2/3 share (worth £150k) for his mother’s £150k house? In my view the legislation is not unambiguously clear that you cannot do that and I think there was some discussion in the STPG a few years back that that should work.