Transferring the Family Farm – Consanguinity Relief
If you qualify for Consanguinity Relief, it reduces the Stamp Duty payable by you from 7.5% to 1%. The Relief is available when transferring farmland between certain family members. To qualify for the Relief, you need to be: – Related to the transferor. Related people include parents, grandparents, step-parents, children, siblings, half siblings and of …
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