ChatterBank1 min ago
Transfer of ownership
2 Answers
Can a transfer of ownership happen without a copy of the original deeds?
If transfer of ownership is say from Father to son then what would be the tax implications on this and how long can these things take to process?
If transfer of ownership is say from Father to son then what would be the tax implications on this and how long can these things take to process?
Answers
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Hi Ashi
I owned my house then my sister and neice came to live with me when her marriage broke up. Her name was put on the mortgage and the deeds through a solicitor, didn't cost much.
When I married and moved into my husband's house I took my name off the deeds and mortgage so now my sister owns the house (she did give me money for my share).
This was done about 6 or 7 years ago snd as far as I know there were no tax implications.
Hope this is helpful
I owned my house then my sister and neice came to live with me when her marriage broke up. Her name was put on the mortgage and the deeds through a solicitor, didn't cost much.
When I married and moved into my husband's house I took my name off the deeds and mortgage so now my sister owns the house (she did give me money for my share).
This was done about 6 or 7 years ago snd as far as I know there were no tax implications.
Hope this is helpful
Hiya Parsley,
yes that information was helpful. So you were able to transfer the Deeds across without actually having a copy of the original Deed? Because in this case you see we dont have a mortgage on the property. So if we dont have the Deeds I gather this can still be done by obtaining a copy of the deed from the Land Registry Offices. I guess also in this case its not a matter of tax implications because it wont be like inheritance as you were then both joint owners for a while.
Thanks for your answer though
yes that information was helpful. So you were able to transfer the Deeds across without actually having a copy of the original Deed? Because in this case you see we dont have a mortgage on the property. So if we dont have the Deeds I gather this can still be done by obtaining a copy of the deed from the Land Registry Offices. I guess also in this case its not a matter of tax implications because it wont be like inheritance as you were then both joint owners for a while.
Thanks for your answer though
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