Good afternoon,
I would be grateful if someone can confirm the following.
I am due to receive a 50% share of a property with no consideration, gift.
This transfer will make me sole owner after the transfer is completed.
To ensure that this takes place prior to letting relief and PPR changes.
Would the land registry title need to be changed and updated prior to 6th April 2020 to ensure these reliefs are still honoured or as this is a transfer and therefore no exchange of contracts would completion effectively be the date of the disposal to ensure we are on time for both reliefs.
Our solicitor has said this is a transfer so no exchange of contracts which I get. But everywhere online I look they say to ensure you get the letting relief and PPR you need to exchange contracts by 5th April 2020.
In our case do we just need to ensure we complete before 6th April irrespective on when the land registry title actually gets updated?.
Thanks
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