Adding names to property deeds

[98elise]

My partner and I own a few properties. One of them is in my partners name only and is not mortgaged. What do we
need to do to put me on the deeds as joint owner?

The value of my half would be well under the stamp duty level, and no money would change hands.

[Sir Bagalot]

Here we go

AP1 and TR1, of course there is a small fee to pay and if unmortgaged then you can do it all yourself.

Call the Land Registy and they are happy to talk you through the forms

[98elise]

Sir Bagalot said:

Here we go

AP1 and TR1, of course there is a small fee to pay and if unmortgaged then you can do it all yourself.

Call the Land Registy and they are happy to talk you through the forms

Thanks, I imagined a whole world of pain, but that seems simple

[Eric Mc]

Would there not be a Capital Gains Tax (CGT) charge arising as your partner is disposing of her share of the property to someone else?
Even if no consideration changes hands, in these circumstances, the consideration would be DEEMED to be the 50% of the Market Value of the property.

I would check the CGT situation out before proceeding down this route.

[98elise]

Eric Mc said:

Would there not be a Capital Gains Tax (CGT) charge arising as your partner is disposing of her share of the property to someone else?
Even if no consideration changes hands, in these circumstances, the consideration would be DEEMED to be the 50% of the Market Value of the property.

I would check the CGT situation out before proceeding down this route.

Very good point, and it may work in our favour.

The house was bought for 130k about 3 years ago, and is now worth around 140k. If she is deemed to have sold 50% to me, then does that effectively produce 5k capital gains in this financial year?

If thats the case, when we come to sell the property, her gains at that point would be calculated from 140k not 130k?