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Home > Business & Finance > whats the best way to transfer title deeds form a parent to child?

whats the best way to transfer title deeds form a parent to child?

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pleiadean | 11:50 Wed 05th May 2010 | Business & Finance
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Avatar Image DocHH
Please take proper legal/financial advice, even if means paying for it. Citizens Advice Bureau, might help on a gratis basis, and some Solicitors offer a free 30 minute Consultation. What you are thinking of doing is a major step. There is no definitive answer it depends on what you are hoping to achieve, and your unique personnal circumstances. The worst scenario is that you will fall out with your children and they would then be able sell the property from under your feet, leaving you homeless. There are other scenarios, if you are thinking about IHT, you may find that depending how things are arranged that it could be seen as a "Gift with reservation" and IHT has not been obviated!
17:20 Wed 05th May 2010
Avatar Image tamborine
Why not just sell for 'peppercorn' rate - Councils do it ? If it's to be money transaction sell for 10p.
01:05 Thu 06th May 2010
Avatar Image chas2008
Not that simple tamborine, if it was that easy there would be no inheritance tax on property..
09:28 Fri 07th May 2010

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