Voluntary Transfers of Property
A voluntary transfer occurs when an individual wishes to gift a site or a property to another person, without any money changing hands, often consisting of a parent transferring property or a site to a child.
Since January 2013, the same solicitor cannot act for both parties in a voluntary transfer and the person transferring the property (the “Transferor”) must be independently advised to ensure that he/she is not under any duress or undue influence.
If you wish to make a voluntary transfer, we are happy to arrange for an appointment for such an independent solicitor who will advise you accordingly.
Parties should give careful consideration to and seek expert advice in relation to Capital Acquisition Tax, Capital Gains Tax, Stamp Duty as well as the various reliefs and exemptions that may be available.