Transferring your property

Whether its gifting a property to help loved ones, streamlining your estate or as part of your tax planning, our expert team can help.

Transferring property can be a thoughtful way to plan for the future, whether your goal is to manage tax more efficiently, look after your estate, or support family members financially. It can help reduce potential Inheritance Tax, make better use of income tax allowances on rental properties, and ensure your property ends up with the people you care about most. There are several ways to do this, such as transferring a share, gifting the property, or placing it into a trust. However, because these decisions can have long-term legal and financial consequences, it’s important to approach them with care and that’s where we can help.

Why People Choose to Transfer Property

  • Gifting a property can remove it from your estate, which may reduce IHT, provided you live for seven years after making the gift.
  • Sharing ownership with a spouse or partner who pays tax at a lower rate, or who has unused allowances, can help reduce the overall tax on rental income.
  • Transferring property allows you to decide exactly who should benefit, helping to avoid uncertainty or disputes later. It can make things much easier for your loved ones when the time comes to deal with your estate giving you peace of mind.
  • Property transfers are often used to help children or other family members take their first steps onto the property ladder or build long-term financial security.

Common Ways to Transfer Property

  • Transfer of Equity which involves passing on a share of your property to someone else, such as a spouse or child, while remaining named as an owner. Mortgage lender approval is often required.
  • Giving the property outright, typically documented with a Deed of Gift.
  • Placing the property into a trust so it can be managed on behalf of beneficiaries. Trusts can offer greater control and potential tax advantages, but they do involve additional costs and responsibilities.

Because property transfers can be complex and highly personal, it’s always wise to speak with experienced legal and tax advisers before making any decisions. This helps ensure your plans truly support you and your family, both now and in the future.

Our minimum fee for transfering a property is £1195 plus VAT.

  • £25 (plus VAT) per person for identity (ID) and anti-money laundering (AML) checks. We are bound by Government Regulations to carry out ID and AML checks on all of our clients before we can carry out any work on their behalf.
  • £150 (plus VAT) for complex ID and AML checks.
  • £40 (plus VAT) if you are transferring a property as a company. We need to carry out a company search then there will be a further £25 for ID and AML checks for each director/shareholder of the company.

Disbursements are costs which we pay to third parties on your behalf. We handle the payment of these costs on your behalf to ensure a smoother process:

  • Land Registry Application Fees: These are fixed depending on the value of the Property and whether the property is registered or unregistered. There will also be small fees for Bankruptcy and Official Priority Searches. With the exception the of the application fees the Land Registry costs are subject to VAT.

For further information or to arrange an initial meeting, please call us on 01524 402050 / 01539 565990 or email info@wrightandlord.com.

Click here for further information on our fees.

Best Conveyancing & Legal Services Firm in the UK!!!

When selecting Wright & Lord to provide conveyancing c15 years ago, we were delighted to find that, despite being based 300 miles away from us, they provide a very efficient and personable service for very reasonable fees. Over the years they have handled many property transactions (residential & commercial), with the usual professionalism, to a point where we also used them for wills and other legal or financial services. We have never felt like a “numbered client” as the team are happy for us to know many of them by first names, without straying from their professional duty of care. We are now comfortably retired, having disposed of our property portfolio and would have no hesitation in recommending Wright & Lord as a legal services provider of exceptionally high standards.

Zoe was very friendly & knowledgeable and supported our Daughter, who is autistic through a difficult process with kindness & understanding.

I am so grateful for your help and the way you kept me informed about progress.

Thank you so much for everything you have done for us in sorting my Mum’s estate out in a timely manor and for the way that you kept us informed and up-dated at all stages. The service that you provided was very professional and also very caring. You also made things easy to understand and you made us feel very comfortable, which was a great help to us and I am so grateful that you were our solicitor.

I would also like to thank you so much for everything you did for my Mum.

They totally looked after us in a professional, friendly manner. Thank You.

Communication is vital with legal matters so it was encouraging to be able to speak directly with the solicitor acting with us. Very personal service.

We appreciate your help and guidance which we valued highly when you acted for us.

I always see a friendly face or hear a friendly voice. Nothing is too much trouble.

More than legal advisors, a family orientated firm who always goes the extra mile.