Change of Ownership
Our expert property lawyers can help you decide how to legally own your property in the manner best suited to you.
We provide comprehensive advice on the implications of a transfer, insolvency considerations and whether you need to update your Will or take tax planning advice.
Joint Tenants or Tenants in Common?
Joint Tenants beneficially own the whole of the property and on the death of one of the tenants, the property passes under the rule of survivorship to the surviving tenant(s).
Tenants in Common can specify the exact shares of the property owned by each tenant and on the death of a tenant the property passes under each individual tenant's will or intestacy.
After a divorce, separation or bereavement you may wish to transfer the legal ownership of your property.
If a Transfer is made pursuant to a Financial Order within divorce proceedings then there is usually no Stamp Duty Land Tax payable.
Gift of Land
If you wish to transfer your property for no monetary value, our experts provide advice on all property related matters including will amendments, inheritance tax and division of assets.
For further information on Inheritance Tax Planning, please click here