How to add wife's name to house

[denlar]

I currently wholly own a property (no mortage/loans) and for capital gains purposes on sale, wish my wife to be a 50% owner. Is this possible without the use of a solicitor and what forms do I need to complete

[lady_p_gold]

Well I am sure someone else will answer this with more expertise than I ..... firstly .. for capital gains purposes ?? Your main residence is not subject to that .. or do you have another property perhaps. When you say 50% then you would have to be tenants in common as opposed to joint tenants. Therefore I don't think it would be possible without a solicitor because there would have to be something to show she was a 50% owner, and then there is the question of your Wills to be thought about etc.

[lady_p_gold]

Just another thought, if she is your wife then she has an interest in the property anyway ... as if you were to divorce it would be part of the marital assets, and she would need separate advice from you because it may be that it is possibly not in her best interests to do this as in the possibility of divorce (sorry but it does happen!) she might be entitled to a lot more than 50% of the property or even all of it.

[WH33LNUT]

How much of the house did she earn?

Think about what you're doing, that's all I'm saying.

Friendly advice, sorry if I sound rude.

[denlar]

Sorry if I was unclear, this is an additional property that we have been renting out and now wish to sell. The property was originally placed in my name for tax purposes. My wife is an equal provider in our household.

[themas]

For what you want, I think (but am not certain) that you don't have to be tenants in common, but can just be joint tenants. Go to the Land Registry site - there may be advice there on how to make the change. If not, you can contact their enquiry service.

[themas]

See also Golden Shred's post on the "Marriage Breakdown" thread - you need to check out the stamp duty implications.

[Golden Shred]

Deeds have long since been done away with, and what you are seeking to do is change the name on the Register at the Land Registry. This is done through your local District Land Registry Office, and if you do not know where it is click this link then click on the area to find the office. You are presently Registered as sole proprietor and you will be changing this to either (a) a joint tenancy, or (b) a tenancy in common with your wife. (a) is always a 50/50 split, and (b) can be 50/50 or some other split if you wish. If you are unsure of the difference please say and I will post a summary of each. To change the Register is a simple DIY matter involving two straightforward Land Registry forms which can be downloaded. Rather than me type it all up, please get it from the horse's mouth by phoning your local District Land Registry Office whom you will find to be very helpful and will guide you through the process. Check their fees whilst you are there which from memory will be something like 2 x �30. The Land Registry can do nothing without a Stamp Duty Land Tax Certificate which you must forward to the Land Registry attached to their completed forms, and to check your liability for Stamp Duty and arrange for a Certificate telephone [phone].