Transfers of Equity & Ownership

A transfer of equity/ownership is a transaction in which legal ownership of a property changes hands, often resulting from a change in circumstances.

Typically more straightforward than a sale or purchase, involved parties have prior knowledge of the property, diminishing the need for a contract.

Examples where Transfers of Equity/Ownership apply include:

  • Court order
  • Cohabitation
  • Internal family transfers
  • The property is gifted

Stamp Duty Land Tax (STLD)

Of consideration during Transfers of equity and ownership, transfers of land or property depending on the type of transfer, your marital status and other factors could result in contributions to stamp duty land tax. Please contact us for further advice.

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Bannister Preston Solicitors LLP understand that the conveyancing process can sometimes prove to be a stressful time. We have been providing friendly, professional legal advice from our commercial and residential conveyancing department for over 100 years and aim to make the whole process as straight forward as possible.

Bannister Preston Solicitors LLP is a proud member of the Law Society accredited Conveyancing Quality Scheme, which gives you complete peace of mind that we meet and adhere to the high standards required by the Law Society.

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