A Transfer of Equity is where a person wishes to transfer their interest in a property. This can be for a variety of different reasons. This could be due to a breakdown in a relationship. For example where one person agrees to buy out the interest of the former spouse or partner. It could be a gift between partners, spouses or family members. Or transfer of the property into a Family Trust.
Here at Martin Gaffney solicitors we can provide advice on all these scenarios and assist with the Transfer of Equity transaction. This involves drafting a Transfer Deed to reflect the new change in owner. Then registering the property to reflect the changes and ensuring that any Stamp Duty liability is dealt with.