A voluntary transfer occurs when an individual wishes to gift land or a property to another person, without any money changing hands, often consisting of a parent transferring property or land to a child.
Since January 2013, the same Solicitor cannot act for both parties in this transfer and the person transferring the property must be independently advised to ensure that they are not under any duress or undue influence in relation to the transaction.
At Brendan Kelly Solicitors, we have extensively advised and represented clients in relation to the voluntary transfer of land and property.
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.