Gifting A House To Adult Children ,  IHT, CGT And SDLT In One Decision

This video explains the UK tax implications of gifting a house to adult children, including Inheritance Tax (IHT), Capital Gains Tax (CGT) and Stamp Duty Land Tax (SDLT) in 2026. Gifting a property is not automatically tax-free. For IHT, a lifetime gift will generally be a Potentially Exempt Transfer, with the seven-year rule potentially relevant. If the parent gives away their home but continues living there without paying an appropriate market rent, the gift-with-reservation rules can mean the property remains within their estate. For CGT, transferring property to a child can be treated as a disposal at market value, although Private Residence Relief may be available where the property qualifies as the donor's main residence. For SDLT, a genuine gift with no chargeable consideration will normally not create an SDLT liability. However, taking on an outstanding mortgage can constitute chargeable consideration, potentially changing the SDLT position. This topic is particularly relevant to parents considering estate planning, property transfers or passing wealth to adult children. Before completing a transfer, consider the property's market value, mortgage, ownership structure, occupation arrangements and the donor's wider estate. Contact MTA: Phone: 0208 5708531 Email: info@mytaxaccountant.co.uk Website: www.mytaxaccountant.co.uk Disclaimer: This video provides general UK tax guidance only. It is not personalised tax, legal or financial advice. Tax treatment depends on individual circumstances and the precise facts of the property transfer. Always check the latest HMRC guidance before taking action. Consider obtaining professional advice where a property gift could create significant tax or legal consequences. #UKTax #InheritanceTax #IHT #CapitalGainsTax #CGT #StampDuty #SDLT #PropertyTax #TaxPlanning #EstatePlanning #HMRC #MyTaxAccountant