A Voluntary Transfer is where a person wishes to transfer some or all of their property to another – usually a close family member as a gift during their lifetime.
In all Voluntary Transfers tax issues arise such as for example Capital Acquisitions Tax, Capital Gains Tax and Stamp Duty. Certain assets are excluded from the tax and certain reliefs may also be available.
Land is transferred by way of a Deed of Transfer. A Deed of Transfer is a legal document which will be drafted by us. If a mortgage is registered against the property the financial institution owning the charge will have to consent to the proposed Transfer.