ChatterBank1 min ago
Land Registry
8 Answers
Is it a simple job as executor to transfer a field from joint ownership to the wife and to register it.
It was bought over 30 years ago, I have the abstract of title of the previous owner, and the conveyance for a corner of the field which he had previously sold.
The boundary marked on the conveyance, and on the OS maps of the time has changed slightly and the present owner of that corner has slightly more land on the electronic register. No point challenging that now.
What are the DIY pitfalls. Can you give me reliable links to info. Do I need to wait for probate?
It was bought over 30 years ago, I have the abstract of title of the previous owner, and the conveyance for a corner of the field which he had previously sold.
The boundary marked on the conveyance, and on the OS maps of the time has changed slightly and the present owner of that corner has slightly more land on the electronic register. No point challenging that now.
What are the DIY pitfalls. Can you give me reliable links to info. Do I need to wait for probate?
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yes it is
and no I wouldnt dream of doing it
I transferred property to my spouse for around £100 a house using a licensed conveyancer ( they only do land transfers) - one the facts given there is no IHT liability and the CGT is 'rolled over' if payable,
and you have to certify it is for no-value which does make roving tax men perk their ears up
BUT ....
you mentioned probate which usually means someone is dead
so in that case I REALLY wouldnt do it without advice as the consequences of getting it wrong is forty per cent TAAAAX !
The other consequence of getting it wrong is that by unwinding it, ( x give to Y and Y gives back to X and says 'oops, hang on!' ) is that it may ding TWO tax charges because the taxes dont cancel out.
and no I wouldnt dream of doing it
I transferred property to my spouse for around £100 a house using a licensed conveyancer ( they only do land transfers) - one the facts given there is no IHT liability and the CGT is 'rolled over' if payable,
and you have to certify it is for no-value which does make roving tax men perk their ears up
BUT ....
you mentioned probate which usually means someone is dead
so in that case I REALLY wouldnt do it without advice as the consequences of getting it wrong is forty per cent TAAAAX !
The other consequence of getting it wrong is that by unwinding it, ( x give to Y and Y gives back to X and says 'oops, hang on!' ) is that it may ding TWO tax charges because the taxes dont cancel out.
Actually it is obvious to me that you are the executor of a will, and not the dead husband. sorry about that
The will also includes a trust and it is pretty obvious that you are going to need professional help.
When we did our mothers will, we did quite a lot ourselves and the solicitors were prepared to help out when we requested ( for the usual charge of course ). Any land transfers we used licensed conveyancers.
The will also includes a trust and it is pretty obvious that you are going to need professional help.
When we did our mothers will, we did quite a lot ourselves and the solicitors were prepared to help out when we requested ( for the usual charge of course ). Any land transfers we used licensed conveyancers.
It could be....
Agricultural land prices statistics and indicators - Office for ...
www.ons.gov.uk/.../agricultural-land-prices-statistics-and-indicators.pdf
E-mail: [email protected]. Introduction. This article gives an overview of the main statistical series available on current (and recent) agricultural land
but goggle
historical farmland prices uk
and work your way down
Agricultural land prices statistics and indicators - Office for ...
www.ons.gov.uk/.../agricultural-land-prices-statistics-and-indicators.pdf
E-mail: [email protected]. Introduction. This article gives an overview of the main statistical series available on current (and recent) agricultural land
but goggle
historical farmland prices uk
and work your way down
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