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?
- Sage 2010 data corruption 80 4
- Sage at it again? 333 5
- BrightPay 497 13
- Does anyone know how to deal with crowd funding income 158 5
- Is this a scam? 1,555 27
- Classic cars investment 119 2
- Abandoning accountancy membership in order to operate as a sole trader 677 19
- New Company - Corp Tax Period 133 5
- paid or unpaid - who knows! 390 6
- S455 450 21
- online book keeping systems - what happens after you stop paying? 462 12
- How do I complain about an FCCA accountant 156 3
- client issues 310 4
- Cater Allen Commission 82 2
- Capital Gain? 354 9
- Splitting rental income on jointly owned property 174 2
- Lack of Quickbooks Online Coverage 64 1
- Amending supplier account code in Sage 50 192 5
- Gift or Capital Gain? 190 5
- RTI - new employee 126 2
- Benchmarking 464
- Possible Partnership? 414
- Tax and accounting treatment on long lease granted from freehold 401
- Lunatics in charge of the asylum - Bluestone 384
- Old Books for a 'NON' Client 329
- Purchase of property freehold - capitalisation of costs 192
- Growing Limited Company concerned about assets if something goes wrong 176
- Income tax on foreign dividends 171
- Clubs and Taxable Income 168
- Subsistence and hotel expenses 162