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Stamp Duty on transfer of land to trust

Stamp Duty on transfer of land to trust

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My client is considering transferring some land to a pre existing discretionary trust.  No payment will be made by the trust for the land.

Will any liability to SDLT arise as a result of the transfer?

If so, I will familiarise myself with the new regime as there are various scenarios here.

Many thanks for any help.

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By Portia Nina Levin
12th Dec 2014 10:56

If there is no consideration

There will be no SDLT in this situation, but the assumption of debt is consideration.

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By stephenpotter
12th Dec 2014 14:26

Thank you for the clarification Portia, very much appreciated

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