Changing interest in property

I have a situation where an individual owns a property, and wishes his wife to benefit from the rents and the property from now on.

He has drafted a deed, which gives his wife the property.

The Financial advisor says that is all that has to do - he can hold the legal ownership - and not tell the Land Registry (and I assume the mortgage company) - as he has transferred the equitable interest to his wife.

In other words created a trust.

The deed says that he did this on 6th April last year, but it is dated today.

Is this ok?

They did not own the property jointly?

Comments
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Small matter

should_be_working |
should_be_working's picture

What form should go to HMRC?

eastangliantaxadvisor |
eastangliantaxadvisor's picture

Form 17

ACDWebb |
ACDWebb's picture

There is of course...

George Attazder |
George Attazder's picture

All all echo my thoughts!

eastangliantaxadvisor |
eastangliantaxadvisor's picture

Backdating is not acceptable

TaxationPete |

Ok  -

eastangliantaxadvisor |
eastangliantaxadvisor's picture

No

George Attazder |
George Attazder's picture

Actually, there may be consideration

MBK |

But then...

George Attazder |
George Attazder's picture

I have often wondered in

KarenCCarr |

Nemo dat quod non habet

George Attazder |
George Attazder's picture

Can you back date a gift?

henry williamson |

I read about a man today...

George Attazder |
George Attazder's picture

Secret gift of beneficial interest in house

law man |