transferring part of the Freehold

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  • alteano1965
    started a topic transferring part of the Freehold

    transferring part of the Freehold

    Hi

    With my wife, we own jointly the Freehold of a block of two flats, which have been leased for 99 years. Could I transfer my share of the Freehold to her?. I understand that I have just to fill in a for HMLR TR1. Would I need to engage a solicitor or pay taxes etc?
    Would there be other implications to consider?

    Thank you

    Regards

    Alt

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    Fair enough. Thanks for your advice. It is on cash basis.

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    You fill out this form requesting to have rental income without deduction of tax and pay it yourself;

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