Transfer of Property Title

[Swarff]

My husband wishes to transfer the title deeds of two properties he owns into my name. The properties where inherited from his parents in 2002, and at present are used as a rental income investment.
For tax purposes, as I am over 60, and a housewife, we felt it would make more sense to have them in my name. But how do we go about that, without having to pay a large sum of money to our solicitor; which is quote: �2000.00 and over in pounds, for each property.
Can anyone help?

[anniebird]

Contact the Land Registry Office - I called the one in Peterborough on 01733 288 288. They are very helpful and can tell you exactly what is needed. The figures quoted are definitely exorbitant. The solicitor will not be doing very much work so such a charge is not justified.

[buildersmate]

Well I'm quite prepared for sometone to tell me that I'm wrong, but surely Stamp Duty Land Tax is payable on this transaction - irrespective of whether money actually changes hands or not? In which case the solicitor will have probably factored this into his price.

[GlenB]

I might be wrong but I don't think stamp duty is payable on a transfer by a Deed of Gift.

[Swarff]

I want to thank everyone who answered my question.

I am going to call my local land registrar and ask them what I need to do. It is only a putting of my name on the deeds instead of my husbands.So there will be no monetary exchanges involved.

My husband inherited the properties from his parents who had owned them since the 1950's. So we have no value to go on as we have never really had them valued.

If there is stamp duty to pay, I will let you know.