At BTTJ we assist many clients with transferring the legal ownership of their properties.
There are many reasons why our clients wish to do this:
Whatever the reason, the process is extremely straightforward and something we would be happy to assist with.
Undertaking transfers of equity can have tax implications for you and those involved.
Some transfers will be considered a ‘gift’ or a ‘transaction at under value’. Depending on the value of a share in the property there may be stamp duty to pay, but some transfers of equity are exempt: for instance where a property is being transferred as a gift or result of a court order following divorce proceedings.
There may also be Capital Gains Tax implications on a transfer or disposition. We are not tax advisors, but may be able to help or at least refer you to an accountant for further advice.
Please contact us on 02476 531532 if you wish for us to assist you with your transfer or any other conveyancing matter.