Karen Walsh: My mother has gifted me a site. What happens next?

There is some work to do, but your solicitor can assist you and you would need to engage with your bank as soon as possible
Karen Walsh: My mother has gifted me a site. What happens next?

While the transfer of a site might seem simple when there is no money being exchanged, you and your mother will need to obtain independent legal advice and tax advice in respect of your own circumstances.

Dear Karen, 

I have recently been granted planning permission on a site owned by my mother after a long time of trying to get planning. My mother is giving me the site as a gift. I am not sure what are the next steps. How much Stamp Duty do I have to pay? I am going to be getting a loan and I need to approach the bank about the mortgage. What would you advise?

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