Hopefully this is the right place, I will keep this brief.
I'm looking to gift a house and my lawyer says it needs an updated estimate to calculate the tax.
It's just outside London and was bought before the house prices shot up, just checked house prices in my area and they go from £808,00 to over £7,000,000
Any chance house prices will drop any time soon? I would rather do it as simply as possible but the tax number is not small. So I might have to defer to my succession manager and see what he suggests.
Any other glaringly obvious ideas we might have missed?