At some stage every property owner or potential property owner requires advice in relation to their property and connected family issues and consideration.
This is not only in relationship breakdown situations, but also in respect of cohabitation and co-ownership, the transfer of property between family members and parents gifting or lending money to their children to purchase a property, or tax planning strategies.
Whilst our specialist solicitors in our Family Law department can advise on relationship breakdown situations, couples often need to dispose of or transfer their property/properties upon their relationship breakdown. We can assist with this.
We understand that such matters can be distressing and often time sensitive (if a Court Order has been made), but our specialist property solicitors will deal with your sale or transfer with compassion and efficiency.
As mentioned above, we also deal with other family property issues including cohabitation and co-ownership, the transfer of property between family members and parents gifting or lending money to their children to purchase a property.
As a property is usually one of, if not the biggest asset that a person owns, if any family considerations arise in respect of your property, it is important that you receive appropriate legal and tax advice regarding them.
Whilst some of these matters can be straightforward and relatively simple to deal with, some matters are more legally complex and involve other issues and considerations such as tax (including capital gains and inheritance tax) and protection of interests. When transferring or purchasing property it is important to consider:
- Capital gains tax planning and whether you or your family members will be entitled to the Principal Private Dwelling House exemption or other capital gains tax reliefs such as Entrepreneurs Relief when you or your family member sell the property.
- Inheritance tax position should you or your family member die whilst the property is in their name. In particular, if you give or loan money to assist with a property purchase you will need advice as to whether inheritance tax will be payable if you or your family member dies whilst owning the property.
Whatever your property and family issue, our experienced solicitors are here to advise you.
How We Can Help
A member of our specialist team will be happy to help.
To discuss Family Property Issues issues, please either use the contact form on the right, email us at email@example.com or call us today on +44(0)161 941 4000 to speak to a member of our team.