changing names on house deeds

changing names on house deeds

Postby holetruth on Fri Feb 12, 2010 8:14 pm

I fully own my property which was paid for cash no mortgage. For technical reasons (one owner had to be over 60) i had to list my brother as a joint owner on the deeds. I now wish for similar reasons to change the names on the deeds to that of mine and my sister-in-law. It is because my brother has property she doesn`t (they are now divorced but all still friends) and if i died he may have inheritance tax issues she would not. In 2 years time I will be 60 and able to change the deeds again to only my name on it.
Will i have to pay any stamp duty?
Is it just a simple change of names at the land registry?

thanks!
holetruth
 
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Joined: Fri Feb 12, 2010 8:01 pm

Re: changing names on house deeds

Postby maths on Fri Feb 12, 2010 8:44 pm

If as you suggest you own 100% beneficially, with the legal title held by you and your brother, then all that is involved is a change of legal but not beneficial ownership.

No SDLT and no other taxation.

Land Registry will let you know which is the relevant form.
maths
 
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Joined: Wed Aug 06, 2008 3:25 pm


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